If you have been shopping much lately, you likely do not need the news to tell you that inflation is rising, and in fact, is currently at a 40-year high. Prices for housing, energy and food have all been surging recently, at the fastest pace in decades. The latest Consumer Price Index (commonly abbreviated as CPI), which is the weighted …
How Inflation Affects the Housing Market
Inflation seems to be one of the biggest news stories these days, but you don’t need the media to tell you that prices are up on almost everything, from food to gas to housing. When it comes to home prices for example, in February 2012, the nationwide average sale price of a home was $160,000. Flash forward to today and …