Inflation has hit a 40-year high. Now, if you’re thinking about buying a home, this news may make you wonder if you should wait.
Ryan Haley discusses why inflation should not stop you from buying and investing in a home.
Here’s something that you must remember: In times like this, you want to be invested in an asset that outperforms Inflation. That is where home ownership comes into play.
This graph shows the average inflation by decade, compared to home growth going all the way back to the ‘70s.
The blue bars are the average inflation rates in each decade, and the green bars are the average home price appreciation. What this really tells us is that for most decades, housing has outperformed inflation
The big takeaway here is that history helps prove that home ownership is a great hedge against inflation.
Thus, if you want to buy a home, don’t let the latest news stop you. Let’s connect, so you have a local expert on your side to give you the home buying advice that you need.