If commodity prices are climbing and imports are more expensive coming into this country, how will this affect us? Food, appliances, cars, clothes, everything manufactured is affected by increases in commodities.
According to an article in the New York Times today, prices of many commodities that are used in all sorts of products are going up. These include cotton, copper, corn and many others. (when yu click on the link, go to Todays Paper and scroll down to the article “Consumer Prices on Most Goods”)
How does this affect us? Well, for one, food prices are climbing now and will continue to go up. household appliances will go up. Prices were climbing all year but manufacturers were absorbing the increases so that sales would not lag. But after months of seeing their profits slide, many manufacturers and retailers are deciding to raise prices,
So, if you were thinking of buying a new washing machine or redoing your kitchen, now is the time to buy. Now and into the spring, you should see sales offered at many major outlets. Now is the time to buy.
On a related subject, interest rates are slowly going up. You will miss the 4% Interest rate if you don’t act quickly. There are good mortgages available, now. There are still great buys in condos and single family homes out there….
Call me now to see the great inventory available for sale.