You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still makes sense to buy a home today. The short answer is – it does. Here’s why.
Homeownership actually shields you from the rising costs inflation brings.
Freddie Mac explains how:
“N...It has been a long time since first time buyers had opportunities to purchase a home. The good news is the market is correcting itself. Lenders are offering products with as little as 3% down. Interest rates remain low. First time buyers have decent jobs and credit, but not a lot of savings. That is why the 3% down lending opportunities are going to be plus to them. I don't believe that renters are satisfied renting - most of the young people I know would love to own a home. They just didn...