Just to confirm my anecdotal above, here’s a direct quote from a buyer at a very large retail chain:
“As a [retailer name] buyer I normally deal with 20 price increases a year, total. I have exceeded that number during last three weeks alone.”
Inflation is coming guys, this can’t be prevented from impacting the overall numbers forever.
And when this becomes more baked into the overall interest rates, and as mortgage rates increase as a result, I am expecting incremental softening of the housing market, and overall prices.
