Inflation has hit a forty-year high. Now, if you’re thinking about buying a home, this news may make you wonder if you should wait. Here’s what you need to remember. In times like these, you wanna be invested in an asset that outperforms inflation. That’s where homeownership comes in.
This graph shows the average inflation by decade compared to home price growth going all the way back to the seventies. 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 in most decades, housing has outperformed inflation.
The big takeaway here is history helps prove homeownership is a great hedge against inflation.
So, if you wanna buy a home today, don’t let the latest news stop you. Let’s connect so you have a local expert on your side to give you the homebuying advice you need every step of the way.