Rate of Inflation Heads Down
Inflation has slowed for 6 straight month in December and is now at 6.5% down from a high of 9.1%. Although still well above the Federal Reserve's 2% target, it is going in the right direction.
It is very likely the fed will continue to increase rates to achieve their inflation target. As for Houston real estate, while interest rate is no longer pandemic low, a re-adjustment of home prices would most likely bring more buyers back into the market.
Thank you so much for stopping by. Until next time...Diana
Source: Wall Street Journal
Image: Created by Diana