For our ongoing celebration of homeownership month (June), here’s an article from Keeping Matters Current on the value of homeownership as an investment. Americans’ opinion on the value of real estate as an investment is becoming more positive even in this economic recession.
The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining ground as the clear favorite for almost a decade now. The value of homeownership as an investment is clear!
How an Investment in Real Estate Can Benefit You During High Inflation
Because inflation reached its highest level in 40 years recently, it’s more important than ever to understand the financial benefits of homeownership. Rising inflation means prices are increasing across the board, and that includes goods, services, housing costs, and more. When you purchase your home, you lock in your monthly housing payments, effectively shielding yourself from increases on one of your biggest budgetary items each month.
When Inflation Has Risen in the Past, Home Prices Have Too
Your house is also an asset that typically increases in value over time, even during inflation. And since rising home values help increase your equity, and by extension your net worth, homeownership is historically a good hedge against inflation. The value of homeownership as an investment is something you’ll want to know more about in these current economic times.
If you have any questions, please feel free to reach out to me at 214-769-2947. I also have a trusted lender that I can share with you for your mortgage questions.
Beth Brake REALTOR® 214-769-2947
Positively impacting your life as you move toward your dreams.