inflation: How Inflation Might Affect The Housing Market
- 03/03/17 07:53 AM
The dictionary definition of inflation is a “substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency.” In other words, inflation means you get less bang for your buck. And, according to a new outlook from Freddie Mac, it has shown signs it may be about to increase, which could have an impact on the housing market. “Which course inflation takes over the next year will have important implications for housing and mortgage markets,” says Sean Becketti, Freddie Mac's chief economist. If inflation heads higher … (1 comments)
The dictionary definition of inflation is a “substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency.” In other words, inflation means you get less bang for your buck. And, according to a new outlook from Freddie Mac, it has shown signs it may be about to increase, which could have an impact on the housing market. “Which course inflation takes over the next year will have important implications for housing and mortgage markets,” says Sean Becketti, Freddie Mac's chief economist. If inflation heads higher … (1 comments)
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