Jeff Ostrowski, Bankrate.com
Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers as well.
Today’s combination
How the Rollout of COVID-19 Vaccines Could Help-and Hurt-the U.S. Housing Market
How the Rollout of COVID-19 Vaccines Could Help-and Hurt-the U.S. Housing Market
Now as the vaccines are being rolled out, home buyers and sellers are eager to take real estate s temperature. Will prices cool? Will cities come back?
Clare Trapasso, provided by
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The coronavirus pandemic and the ensuing financial crisis have caused immeasurable hardship and pain across the U.S. Paradoxically enough, the crisis has also served as a turbocharged shot to the housing market. Feverish buyers rushed into the market just as COVID-19-shy sellers pulled their homes off forcing buyers into bidding wars and pushing prices up to new heights. Recession be damned.
Now as the vaccines are being rolled out, home buyers and sellers are eager to take real estate's temperature. Will prices cool? Will cities come back?