Inflation, interest rates creating real estate ‘headwind’: Ross Perot Jr.

Source: Fox Business — 

Billionaire businessman and The Perot Group and Hillman Chairman Ross Perot Jr. predicted a real estate slowdown on “Mornings with Maria” Wednesday, noting that rising inflation and interest rates are creating a “headwind” against the market.

ROSS PEROT JR.: It all depends on the market. And certainly interest rates going up makes a home more expensive, it’s going to slow down sales. But you’ve got high-growth markets where you’ve got such a waiting list for home buyers. In Texas, the buyers are basically working through their waiting list. The builders are working through the waiting list.