Tim Kelleher at Hancock RE

11/07/2022

10/21/2022

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 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?” 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.

And with rents being as high as they are, the ability to stabilize your monthly payments and protect yourself from future rent hikes may be even more important.

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.

The best hedge against inflation is a fixed housing cost. If you’re ready to learn more and start your journey to homeownership, DM me.

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.

09/13/2022

More inventory on the market and a slowdown in sales may be making you wonder if now’s a good time to sell your house. Here’s what you need to know. Supply is still low overall, and that’s one reason experts are calling for ongoing price appreciation nationally, just at a more moderate pace. If you’re ready to sell, DM me to get started.

08/01/2022

Data from realtor.com shows the number of homes being listed for sale, or new listings, is rising. In fact, there are more homes coming to market today than there were at the same time last year. That’s great news if you’re craving additional options for your home search. DM me and let’s work together to find your next home.

07/13/2022

I hope this provides comfort to anyone who is concerned/worried about the current interest rates on mortgages.

There is a lot of fear mongering going on and I do not think it's helpful. Im tired of all the clickbait and pessimism.

I am available to chat anytime if you have any questions regarding the market etc. DM, email, text, or call.

06/23/2022

Luxury Defined. This stunning 2 bed 2 bath at Echelon Seaport is the best the city has to offer. DM for more info.