Homeownership Can Help Fight the Impact of Inflation

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There is no doubt that inflation is one of the top subjects these days and is at an all-time high. According to a statement by the National Association of Home Builders, “Consumer prices accelerated again in May as shelter, energy, and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981.”

With inflation on the up many people are feeling the pinch with things from gas to groceries. For anyone thinking of purchasing a home in the near future, it can weigh in on the decision of whether it makes sense to act soon or potentially wait. Everybody’s answer will be different depending on their own situation, but here is how homeownership can help you fight some rising costs.

Homeownership Helps Maintain Your Monthly Expenses

During times of inflation, prices will rise for many items like food, entertainment, other goods, and of course housing including both home prices and rental prices. When you buy a home it will allow you to control one of your largest monthly expenses your housing cost. When you have a fixed rate mortgage the most significant portion of your housing expense will be maintained. While it is true other things like insurance rates and taxes may increase over time, you won’t have the same control if you are renting.

Invest in an Asset That Historically Has Outperformed Inflation

While it is true that homes today cost more than they did last year, buying a home still sets you for the long term. That is because you want to be invested in an asset that historically outperforms inflation. Over the last 5 decades, home price appreciation has outperformed inflation for most years per data from NAR, CoreLogic, and the Consumer Price Index.

So ultimately if you are looking to buy a home soon there are things in your favor to set you up for hedging future inflation.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.