We all know that owning a home is a great investment, why would you pay someone else’s mortgage when you could be paying your own? But with inflation on the rise, is there another benefit to home ownership?
Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. I have some great news for you if you are a homeowner, or if you are soon to be one!
With inflation still rising and heavily affecting the economy, EVERYTHING is more expensive these days, home ownership can be a hedge against the effects of inflation.
As you can see here (Use Slide Here), in most decades home price appreciation has outperformed inflation.
According to HPES, based on the increasing home equity we’ve seen if you were to have purchased a
$360K home is january of 2022, you would see $96,342
in equity after just 5 years.
Appreciation in home value outpaces the cost of rising inflation, and you don’t want to miss out on that equity increase!
If you’re ready to start building equity in your next home, or cash out on the equity you’ve already accrued, give me a call and let’s get busy!
I’m your community market leader Sherri Echols, a helping hand for a happy home.
