It's no secret that the real estate market has had ups and downs since the Great Recession of 2008. Prices fell precipitously during the crisis after reaching an all-time high in 2006 and have risen at a high pace in the past couple of years. The Federal Reserve has maintained interest rates at historically low levels in the meantime in an effort to promote economic expansion.
What will happen to the Scottsdale real estate market is the issue on everyone's mind right now as the economy keeps growing and inflation begins to increase. To help you better understand what to anticipate in the months and years ahead, we'll look more closely at the housing market and inflation in this article.
What is inflation?
Inflation is when prices for…
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