Judith Sutton ABR CRS IDS PMN ASP IAHSP SRES GREEN
Judy@JudithSutton.com 908 803-0472
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BUYING A HOME MAY help SHIELD YOU AGAINST INFLATION
Learn why…
Doesn’t it feel like everything is getting more expensive these days? That is because inflation has remained higher than normal for longer than expected – and it is impacting the costs of goods, services, your mental condition, and more. With rising costs all around you, you’re probably questioning: Is now really the right time to buy a home?
Owning a home is one of the best ways to protect yourself from the rising costs that comes with inflation. So, yes. Now would be the right time!
A Fixed Mortgage Protects You from Rising Housing Costs
One of the key benefits of homeownership is that when you buy a home with a fixed-rate mortgage, your biggest monthly expense — your mortgage payment — stabilizes. Sure, your payment could rise slightly as your homeowner’s insurance and property taxes shift. But no matter what happens with inflation, your principal and interest payments won’t change.
That’s not the case if you rent. Rent tends to rise over time, and it usually goes up even faster than the rate of inflation. Just look at the data reflects this from the BUREAU OF ECONOMIC ANALYSIS (BEA).
So, while renters face higher costs year after year, homeowners with a fixed mortgage rate lock in their monthly payments, making it easier to budget no matter what happens with inflation.
Home Prices Typically Rise Faster Than Inflation
Another big reason HOMEOWNERSHIP is a great hedge against inflation is that home values tend to appreciate over time — often at a higher rate than inflation, according to data from Fannie Mae.
HOME PRICE APPRECIATION USUALLY OUTPACES INFLATION
That makes real estate one of the strongest long-term investments during times of rising prices. While inflation can chip away at the value of cash savings, real estate typically holds or grows in value, allowing you to build wealth.
On the other hand, renting offers no protection against inflation. In fact, it does the opposite — when inflation drives up costs, landlords often pass those increases onto tenants through higher rents.
That means as a renter, you are continually paying more without gaining any financial benefit. But as a homeowner, rising prices work in your favor by increasing the value of your home and growing your equity over time.
With experts forecasting continued home price growth, that means you are making an investment that usually grows in value and should outperform inflation in the years ahead.
A fixed-rate mortgage protects your budget, and home price appreciation grows your net worth. That is why homeownership is a strong hedge against inflation.
STABILITY IS THE GOAL
Inflation can make everyday expenses unpredictable, but owning a home gives you stability. Unlike rent, your monthly mortgage payment stays pretty much the same over time. Plus, the value of your home is likely to increase after you buy. A win-win for you and your family.
Tell me about your dream neighborhood. I can help you find your new home as your trusted advisor and financial guardian.
LIVE. LIFE. LOVE. LOCAL.
I’d love to give you a detailed picture of what our company and I can do for you!
By incorporating my personal attention and guidance into the marketing strategy I aim to provide you with
an Exceptional Selling Experience
while ensuring that your property receives the exposure needed
to attract buyers from anywhere
Your Local Real Estate Connection
Get a positive, helpful partner for buying or selling your home:
Trusted resource for answers about the process
Innovative marketing strategies
Expertise about neighborhood features
Ability to target home searches
Strong negotiation skills
Support through the closing and beyond
Why would you settle for anything less?
Adding value for my clients and loving where we live!
Judy@JudithSutton.com
COLDWELL BANKER...GUIDING PEOPLE HOME SINCE 1906
908 803-0472
"...the right relationship means everything..."
SERVING THE SOMERSET HILLS AREA ONE CLIENT AT A TIME
Service & Experience
since 1983