IS NOW A GOOD TIME TO BUY A HOUSE? WHAT ARE THE FACTORS TO CONSIDER FOR HOME OWNERSHIP

You’re probably wondering if now is a good time to buy a house. It is a seller’s market out there right now.

Home prices are at all-time highs. At the same time, moves by the Federal Reserve to tamp down inflation are raising interest rates, impacting mortgage rates.

Pros of Buying  a Home in 2022

Place To Live

Everyone needs a place to live. If you do not already own a home, you are renting. Homeownership is a form of imputed rent.

Stable Asset

Home prices continue to rise year-over-year, with surveys showing that home prices and the housing market are still sound investments.

Fixed Housing Cost

You can easily forecast your living expenses budget with a mortgage payment. Your rent is not fixed and will most likely increase unless you live in a rent-controlled apartment.

Lined Circle

With a fixed-rate mortgage, your monthly payments to the bank remain the same. And you are paying the bank with cheaper dollars in the future.

Inflation Hedge

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