With rising inflation and a hot housing market, here’s what you need to know about buying a home right now

Source: CNBC — 

Higher prices are almost everywhere.

Americans are paying more these days for products like food and gasoline, thanks to rising inflation.

Of course, this rising inflation will also impact the cost of buying a new home.

“With inflation rising so aggressively and the fact that people’s salaries and weekly income are not rising at the same rate, we end up with less discretionary money to spend each month,” said George Ratiu, manager of economic research at Realtor.com.