by: Harrison Grubb
Posted: Jul 13, 2023 / 10:51 PM EDT
RALEIGH, N.C. (WNCN) – With inflation finally cooling, falling prices could soon have a big impact on the local housing market. If the trend continues, experts say interest rates, including mortgages, could soon fall.
Monday’s consumer price index showed inflation falling to 3% in June compared to last year, a sharp decline from the surge in prices seen throughout the post-COVID recovery. While the report showed a slight increase in the cost of shelter year-over-year, big changes could be on the horizon.
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With inflation finally cooling, falling prices could soon have a big impact on the housing...
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