Inflation typically means that the overall cost of goods and services in an economy is increasing. In the real estate market, this can lead to higher home prices as the cost of building materials, labor, and other expenses associated with buying and selling homes increases.
Additionally, if inflation is coupled with a strong economy, demand for housing may also increase, further driving up prices. However, it's important to note that inflation alone does not determine real estate prices, it is a complex market that is influenced by various factors.
Jason Streich
Greater Calgary Real Estate
403 807 2204
jstriech@shaw.ca
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Source: What Does Inflation Mean For A Real Estate Market? | Greater Calgary Real Estate | Jan 27th, 2023
Before heading into the long weekend...
The year has had a good start and as we approach the Spring market, I can feel it getting busier. You deserve the best experience and being prepared prior to listing will help keep you ahead of the curve when the Spring market arrives.
What’s in it for you?
When you’re ready, call/text (403) 807-2204, send me a DM, or email jstreich@shaw.ca. I love to help!
How Do Interest Rates Affect Our Real Estate Market?
The real estate market can be significantly impacted by interest rates. When they’re low, it’s more affordable to borrow money to purchase a home which increases the demand and raises prices. When interest rates are high, it’s more difficult and less affordable to purchase a home which decreases demand and lowers prices.
Any change in interest rates can impact existing mortgage and the value of homes. They are crucial in understanding the overall health of the real estate market. If you have any questions about buying or selling, connect anytime! It would be a privilege to serve as your Realtor.
Jason Streich
Greater Calgary Real Estate
403 807 2204
jstriech@shaw.ca
Watch Video
Source: How Do Interest Rates Affect Our Real Estate Market | Greater Calgary Real Estate | Jan 27th, 2023
Common Real Estate Terms
This month I am sharing a list of some of the more common terms you may hear regarding real estate transactions. If you have any questions on these or any other real estate-related concerns, please feel free to reach out to me. I’ll be happy to help you out!
Jason Streich
Greater Calgary Real Estate
403 807 2204
jstriech@shaw.ca