We know many of you are watching the news and headlines that show rising inflation, we can even see it when we simply go buy groceries. We know many of you are wondering if now if a good time to buy and experts are still saying it could be, here’s why!
- Real Estate is an Asset – Housing assets grow in value. If you have the funds are are expecting inflation to rise due to the market today, you may want to put your money somewhere that won’t lose its value. Real estate is commonly known as a good inflation hedge.
- Mortgages on a Fixed Rate Stay the Same– Mortgages that are fixed help you keep your monthly payment the same so if interest rates were to rise more, yours would not rise with the additional inflation. Property taxes and insurance may cause rises, but the main portion of your payment will not fluctuate. If you’re renting a property, that doesn’t always stay the same.
- Rising Rental Prices– When home prices go up like they have been doing, rental prices go up too! Home prices aren’t showing signs of slowing down just yet, so now would be a good time to invest and make your own equity!
If you are ready to buy or sell, let the areas #1 Team help you! Call us at 832-264-8934 or email us at christy@christybuckteam.com!