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Anat EisenbergAfter hundreds of deals closed Anat is still passionate about real estate and it shows...

Anat ranked #6 out of 8000+ New Jersey MLS agents with well over $130 million in total sales during the three-year period of 2012-2014. Anat has closed over $400 million in real estate sales over the years.

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You are here:  Bergen County Homes > Blog > Inflation Rate Expected to Accelerate in 2014 and 2015...How Will It Affect Real Estate Sales?


Inflation Rate Expected to Accelerate in 2014 and 2015…How Will It Affect Real Estate Sales?


A 3% Inflation Rate Will Affect Sales

The most recent inflation rate has hovered around the 2% level which is a manageable rate that is  not too worrisome to consumers. Pressure though is building up and certain components of the Consumer Price Index  such as medical costs, energy, and housing costs  are  been on the rise.

The increase in these costs will most likely cause inflation to spike to the 3% percent levels and, create significant hardship for consumers. Such  likely rise in inflation to 3% level-,as is expected in 2014-2015, will also raise mortgage rates by a full point to compensate lenders for the loss in purchasing power of the money returned to them.

A 1% increase on a loan of $500,000 will increase the monthly payment by $417!  In markets such as Tenafly, Demarest, Cresskill and other Bergen County towns where higher mortgage amounts are prevalent, this could push prospective buyers to accelerate their decision making process. However if such buyers will seat on the sidelines for too long they could see their purchasing power decreased by roughly 20% .

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