Inflation rates have slowly been increasing over the past year. Many necessities have been showing price increases consistently. However, even through inflation, owning real estate has shown many benefits including appreciation and price increases. It has also been seen that during inflation, occupancy rates significantly increase, so if you are a property owner, bonus for you!
Although, inflation is not always a plus. With inflation comes higher mortgage rates. With high mortgage rates, buyers do not have as much purchasing power, so they usually continue to rent. However, this also leads to higher rent prices and more revenue for real estate owners! Real estate prices increase during this period because there is a limited supply and high demand. With low supply and high demand, sellers can make their prices and usually receive. Time for you to invest because in a high rising economy, real estate has the potential to thrive!