THE RI$E OF 2022
"In October 2021, prices had increased by 6.2 percent compared to October 2020 according to the 12-month percentage of change in the consumer price index, respectively the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of inflation, the rate of increase of a price index (in the below case: consumer price index). It is the percentage rate of change in the price level over time. The rate of decrease in the purchasing power of money is approximately equal" - (Statista Research Department)
Does this affect the property and rental market? what are we expecting in the real estate industry as the inflation rate increased this coming year?
Here are some educational updates with Noel and the cause it could potentially have on the rental market this 2022.
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