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Yellen Sees Further Pressure on Would Be Home Buyers

As housing inventory continues to dwindle and prices continue to surge, Treasury Secretary Janet Yellen has expressed more concern based on the pattern of sharply increasing inflation and how it could further add to the woes of the overall real estate market. She has said that short term inflation is going to continue to rise briskly, but her concerns for the "medium term" are less apparent. Thankfully, she indicated they're going to "...keep a careful eye on it." 


Thus far inflation can only be described as rampant, citing the following facts: "The consumer price index, which measures costs for a wide range of items, increased 5.4% in June, the fastest pace in nearly 13 years. Excluding food and energy, the gauge rose 4.5%, the fastest acceleration in nearly 30 years. Prices that goods and services producers receive for their products jumped 7.3%, a record for data going back to 2010." It seems housing is going to continue to struggle for first-time, credit challenged, and lower income buyers regardless, but these inflationary figures are only going to make matters worse. 


If ever a time to take matters into your own hands and find the property you want by alternative means, such as discretely broadcasting your desire to purchase and your criteria, that time is NOW. PropertyGuerilla.com was created to offer alternatives to traditional search methods and websites, but now as a result of the hysteria created by covid-19 and now record setting inflation, it seems inviting more potential sellers to market is not only an alternative, but a downright necessity. We are NOT a Brokerage. We are NOT an iBuyer. We are NOT a Listing Marketplace. We ARE a conduit created to discretely connect potential Buyers and Sellers, Landlords and Tenants, nothing more. Our platform is available to ANYONE interested in or who makes a living as a Real Estate industry professional or in any way. Want more information? You can e-mail us directly at info@propertyguerilla.com or call at 833-647-HOME (4663). 


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