How inflation and gas prices are affecting the housing market

Source: ABC 11 — 

RALEIGH, N.C. (WTVD) — In the Raleigh and Durham areas, buying a home is already a challenge, but now new economic factors threaten to make the market even more competitive.

“Over the last two years, the virus has really been running the economy,” explained NC State economist Mike Walden. “The virus is subsiding now we have another event that we have no control over, the war in Ukraine, that’s really driving a large part of the economy right now.”