If recent headlines about rising inflation are making you wonder, if it's still a good time to buy a home, here is what the experts have to say.
Housing is an Asset That Typically Grows in Value
'If you have cash and are experiencing 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..."
~ Ali Wolf
Cheif Economist, Zonda
Your Mortgage Helps Stabilize Your Monthly Housing Costs
"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. That's certainly not the case if you are renting"
~ James Royal
Senior Wealth Management Reporter, Bankrate
Buying Protects Your From Rising Rents
"Homeowners are shielded from mounting rental prices because their cost is fixed, regardless of what's happening in the market. Tangible assets like real estate get more valuable over time, which makes buying a home a good way to spend your money during inflationary times"
~ Natalie Camisi
Advisor Staff, Forbes