Being an experienced and productive Real Estate broker for 45+ years; I know inflation when I see it. I certainly know it when I feel it. Yes I also feel it through my clients too. Our housing prices are at an all time high. And it’s not just because it’s 45 yrs later. In our target markets we are 50%+ higher than the average prices just 5 years ago. Our mortgage rates have moved from 3% to 7% during this time too. These are real inflationary pressures in our industry. This is our direct inflation guide. And there are real inflationary pressures in other parts of our lives from groceries to energy to housewares, etc. So it really doesn’t matter what we are told or shown from the outside noise, we are actually living with inflation every day. We adjust and adapt as best as we can just like we have during the past inflation bumps.
