Russian airstrikes have been battering Ukrainian cities for two weeks, and the conflict is being felt around the globe. Financial markets worldwide likely will feel the impact from the Russian invasion of Ukraine, the largest military operation in Europe since World War II. Economists are warning that the U.S. housing market should brace for some
possible changes in consumer behavior.
Aspiring home buyers in all price ranges may become more hesitant to make large purchases amid stock market uncertainty and fears of how a potential full-blown war in Europe might affect U.S. inflation—which is already at a 75-year high when the cost of food and energy is included in the CPI.
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W. J. Mencarow
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