It’s becoming harder to enter the U.S. housing market, but for those who have managed to get in, the benefits have often been huge. Investing experts have long said that one of the best reasons to buy real estate is that it keeps more of its value than other investments, like stocks, when inflation gets high. That’s been true during the inflation spike of the last two years.
It’s such a powerful tool for creating wealth, even in bad times, that financial experts tell NBC News they’re advising clients to strongly consider buying a home even with prices at all-time highs and mortgage rates at two-decade highs. “The perception people have is that it’s a bad time to buy given the level of prices as well as interest rates,” said Jason Obradovich, chief investment officer at New American Funding. But he said that’s not necessarily true.