Hi everyone, I hope you are doing well.
Did you know that the inflation rate is at 7.5% right now?
This is the highest it has ever been since 1982.
What does this mean in terms of real estate?
Typically in an inflationary market Real Estate is one of the best investments you can make because you can buy a house, get a loan, and lock it at a historically low interest rate. Although interest rates are increasing, they are still way below the inflation rate.
Some people are fearing that this is going to be a repeat of 2008, but we have to stop and not think about 2008 and study what happened in the 1970’s where inflation was very high and the home prices kept going up.
That is the kind of market we are in right now.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379