No, it’s not just you. Prices have been rising rapidly, not only in real estate, but for gas, food, and pretty much anything money can buy. That’s because of inflation. The same soda that costs you $1 to buy a year ago is now going to run you about $1.19 today. However, most people’s salaries and income are not growing at the same pace at all.
To curb this, regular people (& giant funds) are buying assets, the most popular being real estate, stocks, businesses and cryptocurrency.
When clients ask me if now is a good time to buy a home, my answer is, almost always, it depends on your situation. Now more than ever, I would not recommend putting your cash under the mattress. Instead, buy a cash flowing asset that will put your money to work, like real estate!
Prices and rates are going up, wages/approval amounts are staying the same, and inflation is at 40 year highs… If you’re waiting for prices to go down, it’s likely you won’t be able to afford to buy in the future. I strongly encourage you to buy now to take advantage of low rates and future appreciation, that is what I am doing!
Call me 678-337-2227