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The latest inflation rate report, released on Dember 18, shows that it unexpectedly dropped to 2.7% in November, down from 3.0% the month prior. That's a significant drop, especially considering the consensus from the 'experts' was inflation was to remain the same, or tick up slightly.
For New Jersey real estate, this can be good news if inflation continues to drop. The value of the dollar is a big factor in higher home prices, outside of the lack of inventory.
Hopefully, 2026 maintains more positives as it is expected we see more homes for sale and lower interest rates. Though, I wouldn't expect rates that far away from the 6% range.
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