The Snapshot
■ The NFIB small-business optimism index and rising wholesale prices, both of which point to rising prices next year.
in retail sales.
■ There will be concern over the impact of rising inflation rates will have upon the economy and the Federal Reserve’s announcement that it plans to speed its asset taper and increase the interest rate in 2022.
■ These is also the expectation that there will be increasing mortgage rates buyers will have to contend with.
■ Reduced inventory and rising prices will impact the number of transactions.
■ There is concern that even the rental market is being hit by serious affordability challenges.
■ Still the demand for new homes overhangs this market.
■ Builder optimism prevails amongst home builders.
■ First-time home buyers are being shaped by the tastes and wallets of millennials who are in pursuit of homeownership,
