The rate at which the general level of prices for goods and services is rising and subsequently purchasing power is falling. Inflation can be caused by a number of factors, including changes in supply and demand, changes in monetary policy, and shifts in the global economy. Inflation can have a number of effects on real estate, such as driving up property values and making it more difficult for people to afford a home. It can also affect mortgage rates and interest payments.

Real Estate Glossary | What is Inflation??

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