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IPFS News Link • Housing

And Now Prices Are Really Soaring: June Rent Jump Is Biggest On Record

• Zero Hedge

With BofA predicting that the US is facing a period of "transitory hyperinflation", one which could last as long as 4 years, as a result of soaring commodity prices in everything from metals to food and beyond, in what increasingly more warn is a stagflationary burst right out of the 1970s playbook...

... it makes sense that home prices are also surging thanks to trillions in stimmy checks, near-record low mortgage rates and an exodus away from cities, and as we noted two last month that's precisely what they are doing, with Redfin reporting an 18% jump in median home sale prices to an all time high...


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