Inflation Pushing Buyers To Accelerate Plans

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Inflation Pushing Buyers To Accelerate Plans

Inflation Pushing 1 in 4 Buyers to Accelerate Plans Inflation is weighing on buyer decisions, according to a study. While 24% now plan to move faster, 1 in 10 have canceled plans and 29% have decided to delay. Meanwhile, 10% of sellers said inflation caused them to move up their home selling plans, 7% are delaying and 3% are canceling. "The way Americans interpret news about rising prices can have a variety of effects on their financial decisions, including homebuying," says Redfin Chief Economist Daryl Fairweather. " Inflation’s impact isn’t always directly related to the cost of a home purchase. Some people will pay a premium to shorten their commute, while others will opt for a more affordable home to make up for expensive gas or a new – but more fuel-efficient – vehicle."

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