What does stagflation mean for the housing industry?

What does stagflation mean for the housing industry?

What exactly is stagflation and how does it affect housing and mortgage rates? Stagflation is a combination of high inflation (inflation is a general increase in prices creating reduced purchasing power), rising unemployment and slow economic growth, no economic growth or negative economic growth. As an aside, stagflation is different from a recession. The definition of a recession is two consecutive quarters of negative Gross Domestic Product. …