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How Inflation Impacts Homeowners

How Inflation Impacts Homeowners

Inflation is a hot topic right now, as everyone is concerned about rising rates of inflation, which hit a 40-year high in March. While conversations about inflation often sound complex, basic principles are simple. Increased inflation means less purchasing power for consumers, as the same amount of income will cover fewer goods and services.

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What Rising Interest Rates Mean for Sellers

What Rising Interest Rates Mean for Sellers

Interest rates have been at historically low levels for the last couple of years as the Federal Reserve has attempted to keep the economy strong amidst the pandemic. Low interest rates correlate to low mortgage rates and can help to make homeownership more affordable and attractive. As a result, over the last two years, Birmingham has seen rising home prices and competitive real estate markets. However, as interest rates begin to rise, this is a trend that will likely change as borrowing and homeownership become more expensive.

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