General World News

Record apartment supply is good for mortgage rates 

What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal is to destroy inflation by killing demand, that is only a temporary fix.

Housing inflation post-2020 was one for the record books, not only because home prices accelerated in such a short time, but more importantly for the inflation data, rents took off, something that didn’t happen during the housing bubble years.

The government accounts for housing inflation by looking at rents, not home details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com