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If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022.

Homeownership Offers Stability and Security

Home prices have been increasing for quite some time, and experts say they’re going to continue to climb throughout 2022. So, as a buyer, how can you protect yourself from rising costs for things like food, shelter, entertainment, and other goods and services? The answer lies in housing.

Buying a home allows you to lock in your monthly mortgage payment for the foreseeable future. That means as other prices rise, your monthly payment will be consistent thanks to your fixed-rate mortgage. This gives you the peace of mind that the bulk of your housing costs is shielded from inflation.

James Royal, Senior Wealth Management Reporter at Bankrate, says:

A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.”

If you rent, you don’t have that same benefit and you won’t be protected from rising housing costs. As an added incentive to buy, consider that today’s mortgage interest rates are lower than they have been in decades. While inflation decreases what your dollars can buy, low mortgage rates help counteract it by boosting your purchasing power so you can get more home for your money. They also help keep your monthly payments down. This is especially important during an inflationary period because you’ll want to protect yourself from the impact of inflation as much as possible.

Ali Wolf, Chief Economist at Zondaexplains:

“If you have cash and are expecting inflation, you want to think through where you can put your money so it does not lose value. Housing is commonly looked at as a good inflation hedge, especially with interest rates so low.”

The best hedge against inflation is a fixed housing cost. That’s why you shouldn’t let it stop you from buying a home this year. Not sure where to start? Let’s connect so you have expert advice and help throughout every step of the homebuying process.

Let’s Talk

You’ve got questions and we can’t wait to answer them.

🌿Meet Kristy Talmy-Greenwood @elevenrealestate team member 🎉

Kristy is an experienced Real Estate agent who has been selling up and down the coast of California for close to 20 years. 

We love her experience, knowledge, know-how, grit and wisdom. 
But, she is also a certified foundation inspector 👷🏻‍♀️and, as if that weren’t enough, a certified home inspector. 🛠

Kristy is a dream for buyers who want someone that understands the physical nuances of home buying and also for sellers who want to prepare their home for a solid and transparent sale. She single-handedly brings more to a transaction than most would hope for in an entire team. That being said, she is a team player through and through. 

Kristy understands your needs and can translate them into reality. She is as comfortable in front of an international investor 🏗as she is under the house pointing out drainage considerations and other structural data most of us leave for the pros. Because she is the pro! 💪🏽

Kristy is as over-qualified as she is  kind, intelligent, funny and warm-hearted. And, she is street smart. We like them smart! 

Kristy's eyes light up when talking about the mysteries and secrets hidden in a crawlspace. Long time lover of construction, our realtor/home inspector extraordinaire brings a multi dimensional perspective to the sale or purchase of any property. She is excellent at what she does and easy to work with.

Kristy loves the outdoors, mostly around the water, and spending time with her three children and the family rescue pup. She is a poet, hiker, surfer, body-builder, traveler, and is always up to pushing the envelope with a good day dream!

Welcome @kristy.greenwood.injoy to Eleven Real Estate Team 🙌🏻

#welcome #realtor #homeinspector #homebuying #homeselling #realestatetips #realtoroftheyear #tealtorforlife #realestateagent #sananselmo #fairfaxca #realestateagent #marinlife #marinrraltor #elevencalifornia #eleven Instagram post: 🌿Meet Kristy Talmy-Greenwood @elevenrealestate team member 🎉 Kristy is an experienced Real Estate agent who has been selling up and down the coast of California for close to 20 years. We love her experience, knowledge, know-how, grit and wisdom. But, she is also a certified foundation inspector 👷🏻‍♀️and, as if that weren’t enough, a certified home inspector. 🛠 Kristy is a dream for buyers who want someone that understands the physical nuances of home buying and also for sellers who want to prepare their home for a solid and transparent sale. She single-handedly brings more to a transaction than most would hope for in an entire team. That being said, she is a team player through and through. Kristy understands your needs and can translate them into reality. She is as comfortable in front of an international investor 🏗as she is under the house pointing out drainage considerations and other structural data most of us leave for the pros. Because she is the pro! 💪🏽 Kristy is as over-qualified as she is kind, intelligent, funny and warm-hearted. And, she is street smart. We like them smart! Kristy's eyes light up when talking about the mysteries and secrets hidden in a crawlspace. Long time lover of construction, our realtor/home inspector extraordinaire brings a multi dimensional perspective to the sale or purchase of any property. She is excellent at what she does and easy to work with. Kristy loves the outdoors, mostly around the water, and spending time with her three children and the family rescue pup. She is a poet, hiker, surfer, body-builder, traveler, and is always up to pushing the envelope with a good day dream! Welcome @kristy.greenwood.injoy to Eleven Real Estate Team 🙌🏻 #welcome #realtor #homeinspector #homebuying #homeselling #realestatetips #realtoroftheyear #tealtorforlife #realestateagent #sananselmo #fairfaxca #realestateagent #marinlife #marinrraltor #elevencalifornia #eleven
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