Posts from January 24th, 2022
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24
Real estate historically helps hedge against rising inflation
The cost of practically everything is increasing. You've likely noticed it when checking out at the grocery store and filling up at the gas station. The same is true for real estate. It's one of the few cost increases homeowners are happy to see. The average home sales price in Mobile County increased $21,000 from January to December 2021, and in Baldwin County, that increase was even greater at $62,000 over the course of last year, according to the Alabama Center for Real Estate.
What do increasing home prices mean for buyers, though? Even with prices going up, low interest rates have kept home buyers in a decent position to purchase. You must consider many factors before deciding to purchase a home, like your financial situation, your needs and how long you plan to stay in the same hom...
