The Buckner Group Podcast

Is inflation curbing your real estate goals? Here are 3 reasons to not let that happen:

Is Rising Inflation & Interest Rates Curbing your Goals to own a home? One of the biggest mistakes buyers and investors make is looking at the small picture. One of the biggest luxuries in real estate is time with a fixed mortgage rate. Today, Mark is visiting one of his long-term investment properties and covering the long-term goals of real estate.

Today, we're househunting with Compass Realtor Paul Kelly in Driggs, Idaho. An area resident for 22 years, Paul came to the Tetons after graduating from the University of Washington in 1996. While experiencing success in assisting his clients with all aspects of buying and selling real estate, Paul most enjoys the process of building lasting relationships with his clients.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

Rising interest rates are creating a unique opportunity for buyers. The market is shifting to look more like pre-2020. The home market is starting to level off, which means fewer buyers, more inventory, and better opportunities for buyers.

Do you know how much home equity your house has gained over the past 12 months? With limited inventory and a high volume of buyers, it's highly likely that your home has appreciated in value. The average home went up $64,000 nationally and $31,000 in Illinois over the last 12 months.

Here are some reasons why we aren't in a housing bubble:

We love plants! However, we've always had difficulty keeping them alive after forgetting to water them. We started using a product called Plant Pal from @cityescape_chicago which has made watering so much easier.

ATTENTION: As of 6/16/2022 The Interest on a 30-year fixed-rate mortgage is 5.875%. This is subject to change in the upcoming days because the market is volatile!

If you want to own a home or invest in real estate, there is never a perfect time. Every situation offers pros and cons, but doing nothing is rarely a good idea. This week, Mark is showing how current market data points to us NOT being in a bubble, and what we can expect in the future.