How inflation is affecting the housing market in 2022

Unfortunately, inflation corresponds to a reduction in purchasing power. Meaning your dollar will no longer buy the same amount of goods or services. If you have tried to make any major purchase over the last few months, you are more than likely running into extreme inflation. Compared to just one year ago, the price of food has increased by over 10%. If you are shopping for a vehicle, you can expect to pay approximately 14% more compared to last year.

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