Home buyers named mortgage rates as their top concern, according to a recent study released by HousingWire.com. But only 25% of them cited inflation as the
reason they'd be "less likely" or "far less likely" to buy a house. Additionally, respondents said the top two reasons they want to buy a house are needing more
space and not wanting to rent.
The Chief analyst at HousingWire.com added that many people regard buying a home as a smart hedge against inflation. In fact, the issue of paying rent demonstrates the
economics of securing affordable housing. Most renters are not being subjected to minimal inflationary increases. More common are rents of $2000 increasing
by $500-$600 per month, which can require a significant lifestyle change.
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