Inflation adding to housing costs

Certainly not a surprise – and certainly not what the housing market needs – but MarketWatch recently reported that rising inflation is adding to housing costs in all areas. Rents have increased an average of 3 percent – significantly more in some areas – while natural gas prices have risen a whopping 25 percent in the last year.

It’s estimated that mortgage rates will rise in 2022, with many expected 3.7 percent by the end of the year.

However, may see real estate values continuing to outpace inflation, at least in the short-term.

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