Inflation threatens to overheat the economy as home supply is unable to keep up with the rising demand for new homes.  (iStock)

The weather isn’t the only thing heating up as summer months approach – the housing market continues to see home prices rise, too. It’s a phenomenon that’s preventing less-interested home buyers from being able to purchase a home and leading some economists to wonder if the housing market is heating up too quickly. 

The past year brought record-breaking activity to the housing market, most of which was driven by mortgage refinances in addition to an uptick in interested home buyers. From record-low interest rates to a sudden need for more space due to coronavirus-driven stay-at-home orders, home-buying activity peaked to all-time highs in cities across the U.S. And as remote work made geography less of a factor, smaller towns typically seen as vacation getaways saw a sudden wave of interested…

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