If inflation rates go up how does that affect the housing market and construction related activities, and how much will people spend on things like eating out and vacations?
2006-11-30 01:21:10 · 2 answers · asked by br110492 1 in Business & Finance ➔ Renting & Real Estate
Current inflation rates are a bit higher than the central banks would like to see, but not so high that they are affecting most peoples' habits.
The real estate market is actually experiencing a period of recession; many property values are dropping somewhat. This tends to be somewhat localized though so it may or may not apply to your area.
2006-11-30 01:38:12 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Inflation is not high enough to affect peoples spending habits for the most part but the housing market is in a period of dry dock and could remain this way for a couple of years.
Here is some additional info. Hope this helps.
2006-11-30 11:33:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋