Buying a House in 2022? Here's How Inflation Will Impact You
Soaring inflation and hot real estate markets can leave potential buyers feeling stuck between a rock and a hard place. But there are market conditions that could make buying a home now a smart decision. Inflation is one of them. If you're on the hunt for a new home in 2022, here's how today's high inflation rate will impact you now and in the long run.
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I bet you've raised an eyebrow at the grocery checkout recently: You've just purchased the same thing you do every week, only this time, it costs more -- a lot more. Gas prices have risen even higher, up 40% year over year (YOY). Among a host of other commodities, used cars and utilities have followed suit. Inflation overall is up at least 7.5% over the past year, and officials believe it will continue to rise in the coming year as money-printing works its way through the economy.
Source Fool.com
