On Friday, the Kansas City Fed President Esther George said that the Federal Reserve must remain “patient” in waiting to see if the pace of price increases in the services sector are waning as the central bank attempts to bring inflation back to its 2% target rate. George added that labor shortages could be a hindrance in getting inflation down. What does this means for home buyers and sellers?
It is clear that changes in inflation can have an effect on both buyers and sellers within the real estate market. While there is no one-size-fits-all solution when it comes to dealing with increasing prices, understanding how certain trends such as labor shortages or changes in interest rates affect you can help ensure you get the best deal possible whether you are buying or selling a property.
An article by Greg Robb on Market Watch provides additional insights on the topic.
Read the article here:
Fed’s George says too soon to say inflation is on right trend
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