Inflation will Destroy Housing Market

1 year ago
2

The housing market is currently at a standstill where buyers are hoping the housing market recovers, while sellers are hoping interest rates will go down. Of course, neither will happen. Housing prices will NOT go back up, and interest rates has nowhere to go but up. Despite this fact however, the stalemate remains. What will break it? My suspicion is that inflation will send maintenance cost soaring, forcing the sellers to scream uncle. When we consider the fact that most Americans have never picked up a trade, one can see that the writing is on the wall.

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