Tag Archives: #capecodrealestateforsale

How Homeownership Can Help Shield You from Inflation

If you follow the news, you know about inflation. You’re also likely feeling its impact in day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to be sure that they’re still worthwhile.

If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat the rising costs that come with inflation.

Homeownership Offers Stability and Security

Investopedia explains that during a period of high inflation, prices rise across the board. That’s true for things like food, entertainment, and other goods and services, even housing. Both rental prices and home prices are on the rise. So, as a buyer, how can you protect yourself from increasing costs? The answer lies in homeownership.

Buying a home allows you to stabilize what’s typically your biggest monthly expense: your housing cost. If you get a fixed-rate mortgage on your home, you lock in your monthly payment for the duration of your loan, often 15 to 30 years.

James Royal, Senior Wealth Management Reporter at Bankrate, says that a fixed rate mortgage allows you to maintain what is probably your largest monthly expense at the same level. While property taxes will rise and other expenses related to your home will creep up, your monthly housing payment will remain the same.

In other words, no calls from the landlord telling you that your rent is going up – again.

Use Home Price Appreciation to Your Benefit

While it’s true rising mortgage rates and home prices mean buying a house today costs more than it did a year ago, you still have an opportunity to set yourself up for a long-term win. Buying now lets you lock in at today’s rates and prices before both climb higher.

In inflationary times, it’s especially important to invest your money in an asset that traditionally holds or grows in value. The graph below shows how home price appreciation outperformed inflation in most decades going all the way back to the seventies – making homeownership a historically strong hedge against inflation (see graph below):

How Homeownership Can Help Shield You from Inflation | MyKCM

So, what does that mean for you?

Experts are saying home prices will continue to go up thanks to the ongoing imbalance in supply and demand. Once you buy a house, any home price appreciation that does occur will be good for your equity and your net worth. And since homes are typically assets that grow in value (even in inflationary times), you have peace of mind that history shows your investment is a strong one.

Curious about your options? Let’s connect at 508-360-5664 or msennott@todayrealestate.com to review a plan for you to buy and/or sell.

…and remember. We know of what we speak. We’re selling and buying now, too. Check out our series “Mari Makes the Move” on our YouTube Channel, Mari Sennott Plus.


We hope to see you this Saturday from 9am to Noon at the Today Real Estate parking lot at 299 Cotuit Road in Sandwich, where you can safely dispose of your important documents. Great White Shred will be there to shred your valuable paperwork that contain personal information.

Stephanie (Viva) in the Morning from 102.3FM will be there spinning your favorites and we’re joining with Kristi Sassone from First Home Mortgage to provide Cape Cod Coffee and donuts.

Limit of ten boxes of material to be shredded, please.

See you there!

Mari and Hank

Why Is the Housing Supply Still So Low?

The one question that’s top of mind for homebuyers as we start the new year is: why is it still so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive  right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale.

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s supply is low and what that means if you’re looking to buy.

1. New Home Construction Has Fallen Behind Demand

The graph below shows new home construction for single-family homes over the past five decades, including the long-term average for housing units completed. Builders exceeded that average during the housing bubble (shown in red on the graph). The result was an oversupply of homes on the market, so home values declined. That was one of the factors that led to the housing crash back in 2008.

Since then, the level of new home construction has fallen off. For the last 13 straight years, builders haven’t been able to construct enough homes to meet the historical average (as illustrated in green on the graph). That underbuilding left us with a multi-year inventory deficit before the pandemic started.

Buyers Want To Know: Why Is Housing Supply Still So Low? | MyKCM

2. The Pandemic’s Impact on the Housing Market

The pandemic fueled a renewed appreciation and focus on the meaning of home. Having a safe space to live, work, learn, and exercise became even more important for Americans throughout the country. So, as mortgage rates dropped to at or below 3%, buyers eagerly entered the market looking to capitalize on those low rates and secure a home that would fulfill their changing needs. But, at the same time, sellers hesitated to put their houses on the market as concerns about the pandemic mounted.

The result? The number of homes available for sale dropped even further. On Cape Cod, the supply of available homes last month was 53% less than it was at the same time in 2020.

We ended the year with 14.7% fewer single family home sales in 2021 than 2020. (4,192 vs. 4,915). Median sales prices were up 26.6% over the same period. ($510,000 vs. 619,950).

Condominiums saw an 8.2% drop in sales (1,202 vs 1,104) and a 10.1% increase in median sales price. ($345,000 vs. $380,000).

What Does All of This Mean for You?

Buyers need to remember that low inventory doesn’t mean no inventory. If you want to find the home of your dreams, be sure that you’re pre-approved, have a clear idea of what you’re looking for, and have your home on the market if you need to sell it. (You just won’t be able to compete with buyers who are offering large down payments or paying cash, if you home isn’t even being marketed.)

There is also some good news. Experts are projecting more homes will become available thanks to sellers re-entering the market to take advantage of high returns on their investment or finally deciding that it’s time to get on with their lives.

Danielle Hale, Chief Economist at realtor.com, shares this hope, but offers perspective: “For buyers, the market is likely to continue to move fast. If you see a home you like, be right to jump on it right away.”

Today’s market is favoring sellers. If you have questions, we’d be happy to provide answers. Let’s connect at 508-360-5664 or msennott@todayrealestate.com to discuss your options. You need the right information to make an educated and informed decision about buying or selling in the year ahead.

Have a great week.

Mari and Hank

A Holiday Visit to the Sandwich Food Pantry

We visited the Sandwich Food Pantry this past Friday to talk with Executive Director, Gigi Ridley. What we learned about what food pantries need this time of year (and really anytime) may be surprising.

We hope you’ll take a few minutes to watch the video.

The Sandwich Food Pantry is a totally volunteer organization. Their goal is to help residents through difficult times by providing supplemental food, advice and directions to further sources of assistance.

For more information, here’s a link to their website at http://sandwichfoodpantry.org/

Please consider supporting them this holiday season, or any non-profit that is close to your heart. These days none of us know when we might need their help. Thanks.


Happy holidays to all our blog readers. We hope that you have found what we shared this year to be helpful. We will continue in 2022 to provide you with the best and most accurate information available in order to assist you in deciding whether to buy or sell your property.

We won’t be posting next week as we will be spending time with our granddaughter.

So, Happy New Year!

Best regards,

Mari and Hank

508-360-5664/msennott@todayrealestate.com

Sellers Should Be Ready to Enter the Housing Market

One of the biggest questions in real estate today is, “When will sellers return to the housing market?”

An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents, who say it’s a good time to sell a home, has increased from 61% to 67%. According to Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, “Consumer positivity regarding home-selling conditions has nearly matched its all-time high.”

Sellers Are Ready To Enter the Housing Market | MyKCM

Fannie Mae isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, Senior Economist at realtor.comsays:

“The results of a realtor.com survey…showed that one in 10 homeowners plans to sell this year, with 63% of those looking to list in the next six months.”

Anecdotally, there seems to have been an increase in available property on Cape Cod over the past few weeks, but still nowhere near enough to reach traditional levels.

What this does mean is that if you’re considering selling your home, you shouldn’t delay much longer as competition will be popping up in your neighborhood — maybe even next door!

Selling your house can be a daunting task, even more so today. However, the fact that we’re in a strong sellers’ market can eliminate common concerns.

We’re happy to answer your questions. Let’s connect at 508-568-8191 or msennott@todayrealestate.com so you can learn more about current market statistics and the opportunities that are available for homeowners, who are ready to sell.

Don’t wish for it; go for it!

Mari and Hank