Homeownership Is a Great Hedge Against the Impact of Rising Inflation
Inflation is at a 40-year high, according to the National Association of Home Builders (NAHB) This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981. With inflation rising, you’re likely feeling it impact your day-to-day life as prices go up for gas, groceries, and more. The answer lies in homeownership. Buying a home allows you to stabilize what’s usually your biggest monthly expense. When you have a fixed-rate mortgage on your home. If you don’t have that benefit, you don't have that same benefit and you won't be protected from rising housing costs.