Hello everybody my name is Cade Olof and welcome back to Suburban Snacks. This month’s snack is…pumpkin spice marshmallows! In this episode, we’ll be discussing whether or not credit scores have reached an all-time high. According to Realtor Magazine, since the beginning of the pandemic, the average FICO credit score has increased by eight points to reach 716. They state that the large increase has been driven by pandemic-related relief programs and a decrease in consumer spending from early on in the pandemic. But how does the inflation we are currently experiencing affect the longevity of these high credit scores? Some economists say that it won’t be long before these improvements are wiped away due to the inflation that is now at a 31-year high. Because of these price increases, Americans are paying more for groceries, gasoline, and products. This could very easily lead to people taking on more debt which then, in turn, leads to falling credit score.
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Suburban Real Estate Group
Our team of experienced agents have facilitated the transfer of nearly $80 Million worth of Real Estate and currently manage over $30 Million worth of rental properties. By using the latest technology available in the industry, combined with their family values, buyers, sellers, and property owners can rest assured that their best interest is Suburban’s number one priority.
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