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CPI Report Released – Inflation Growing Rapidly

By
Real Estate Broker/Owner with Sandra Nickel REALTORS

The September Consumer Price Index Report was released by the Fed on Wednesday. 

According to CNN Money, inflation is currently growing at its fastest rate in 4 months.  Year to date, inflation is growing at 3.6% - compared with only 2.5% for all of 2006.

The impact of the report on the mortgage market remains to be seen; however, you may read the full article here and remember that the real estate market is a dynamic and unique one!  An experienced Realtor is always your best resource for learning about a local real estate market.

To learn more about Montgomery, AL real estate please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.   You may also begin searching Montgomery AL homes here!

Show All Comments
Allen C. Wright
RealtyU - Aliso Viejo, CA
NS, AHS, REPS

Sandra,

My research has concluded that the FED will not reduce the fed funds rate for the very reason you sited ... inflation.  For many this will be problemactic because they have not been establishing the longterm relationships that help real estate professionals through correcting markets ... for those that work the relationship first and the deal second this is a good time to get extra business from those that are no longer in the business.

Oct 18, 2007 03:50 AM
Anonymous
Sandra Nickel
And your are so very right about working the relationship and working the deal, Allen!
Oct 18, 2007 04:03 AM
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