Soaring inflation is having a volatile effect on homebuyers and sellers, with some delaying a purchase while other consumers speeding up their plans, according to a new report from Redfin.
"Some people may delay buying because they're worried that with prices rising on everything from food to fuel, now is not the right time to make a huge purchase," according to the report. "But others might move faster to find a house because they're worried home prices and rent prices will increase even more, and they want to lock in a fixed payment."
The data show that 73% of homebuyers and sellers say inflation is influencing their future buying or selling plans.
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