Discussing the issues with inflation, interest rates, and affordability.
I always promise to let you know if there are changes to the market that you need to be aware of so that you can make the best decisions for your family. Today let’s talk inflation, interest rates, and affordability.
A lot of folks are concerned right now about if this is a good time to buy. The National Association of Realtors has indicated that housing prices are going to rise again this year as we see more inflation. Inflation is actually the highest it’s been in the last 30 years, and affordability is suffering.
Lawrence Yun, the chief economist for the National Association of Realtors, also showed me a graph this week that illustrated how buying real estate is the best way to hedge against inflation. Housing prices rise faster than inflation and have done so for the last 50 years. If you’re concerned about inflation and rising interest rates, now is the best time to buy, while affordability is still good.
If you want to have a consultation with us or if you have any questions, reach out to me via phone or email. I look forward to hearing from you.
