inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2021/06/remaxwhite.png
  • Home
  • MLS Search
  • Areas
    • Active Tom Wolf Team Office Listings
    • Oakland Park
    • Fort Lauderdale
    • Wilton Manors
    • Pompano Beach
    • Fort Lauderdale Waterfront Homes
  • Buyer
    • Are You Thinking About Buying a Home?
    • 4 Questions to Ask Before Buying a Home
    • Buying A Home
  • Seller
    • Seller’s Guide
    • 4 Questions to Ask Before Selling a Home
    • Home Valuation
    • Home Selling Advice
  • Blog
    • Fort Lauderdale Real Estate Blog
  • South Florida Luxury Realtor
  • More
    • Fort Lauderdale Realtor Reviews
    • Calculators
    • Schools
    • First Time Home Buyer’s Guide
  • Contact
  • Best in Real Estate 2022 Winner – SFGN
inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2021/07/highqualityTomWolf2017(1).jpg
954-709-2565
team@tomwolfrealtor.com
Sign In
Sign Up
inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2021/06/remaxwhite.png
  • Home
  • MLS Search
  • Areas
    • Active Tom Wolf Team Office Listings
    • Oakland Park
    • Fort Lauderdale
    • Wilton Manors
    • Pompano Beach
    • Fort Lauderdale Waterfront Homes
  • Buyer
    • Are You Thinking About Buying a Home?
    • 4 Questions to Ask Before Buying a Home
    • Buying A Home
  • Seller
    • Seller’s Guide
    • 4 Questions to Ask Before Selling a Home
    • Home Valuation
    • Home Selling Advice
  • Blog
    • Fort Lauderdale Real Estate Blog
  • South Florida Luxury Realtor
  • More
    • Fort Lauderdale Realtor Reviews
    • Calculators
    • Schools
    • First Time Home Buyer’s Guide
  • Contact
  • Best in Real Estate 2022 Winner – SFGN
inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2021/06/remaxwhite.png
inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2022/10/4d63583c16d6a1edb2a1db89ee8748e173d865d2.jpg

Should You Still Buy a Home in the Fort Lauderdale Area with the Latest News About Inflation?

inception-app-prod/YTcxNjE4MDYtOGU5Yi00ZmZiLTgxNWQtYzIyYTQ0ZjkwNGZh/content/2021/07/highqualityTomWolf2017(1).jpg
Tom Wolf,10/20/2022

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession.

You're likely feeling the impact in your day-to-day life here in the Fort Lauderdale Area, as you watch the cost of goods and services climb. The pinch it's creating on your wallet and the looming economic uncertainty may leave you wondering: should I still buy a home right now in the Fort Lauderdale Real Estate Market? If that question is top of mind for you, here's what you need to know.

Homeownership Is Historically a Great Hedge Against Inflation

In an inflationary economy, prices rise across the board. Historically, homeownership is a great hedge against those rising costs because you can lock in what's likely your largest monthly payment (your mortgage) for the duration of your loan. That helps stabilize some of your monthly expenses. James Royal, Senior Wealth Management Reporter at Bankrate, explains:

A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.

And with rents being as high as they are, the ability to stabilize your monthly payments and protect yourself from future rent hikes maybe even more important. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains what happened to rents in the latest inflation report:

Inflation refuses to budge. In September, consumer prices rose by 8.2%. Rents rose by 7.2%, the highest pace in 40 years.

When you rent, your monthly payment is determined by your lease, which typically renews on an annual basis. With inflation high, your landlord may be more likely to increase your payments to offset the impact of inflation. That may be part of the reason why a survey from realtor.com shows 72% of landlords said they plan to raise the rent on one or more of their properties in the next year.

Becoming a homeowner, if you're ready and able to do so, can provide lasting stability and a reliable shelter in times of economic uncertainty.

Take Away

The best hedge against inflation is a fixed housing cost. If you're ready to learn more and start your journey to homeownership, contact the Tom Wolf Team

Print Details
Previous post
Next post
The Emotional and Non-financial Benefits of owning a home in South Florida.
What is ahead for Fort Lauderdale are Home Prices
EHO
GRI
PSA
Realtor
RSPS
SFR
SRS
EHO
GRI
PSA
Realtor
RSPS
SFR
SRS

Office

RE/MAX Experience
1103 NE 26th StreetWilton Manors
FL 33305
954-709-2565
Team@TomWolfRealtor.com

About us

  • Fort Lauderdale Real Estate Blog
  • Fort Lauderdale Realtor Reviews
  • Tom Wolf Team South Florida Realtors

Explore

  • Active Lisitings
  • Fort Lauderdale Communities
  • New Construction
  • Fort Lauderdale Waterfront Homes

Consumer Protection & Privacy

  • Site Managed by MeineMedia.com
  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.

© 2023 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Enter your email address

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Account verification in progress

Please wait...

Account Verified!
The page will reload automatically.
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link