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In this Real Estate News Brief for the week ending February 12th, 2022… the latest reading on inflation, home price growth, and foreclosures. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. The latest inflation report shows that consumer prices notched up another .6% in January. That brings the annual rate of inflation to 7.5%, which is the highest inflation we’ve seen in 40 years. Much of the increase is due to the high cost of food, energy and housing costs, which include rents. According to MarketWatch, Wall Street analysts only expected a .4% gain in January. (1) If you strip out food and energy for a core rate of inflation, it’s at 6%. That’s still twice the rate the Federal Reserve would like to see. Shawn Huss at Warsaw Federal calls inflation an “economic killer.” He wrote in an emailed newsletter: “It is a tax that does not get collected and if people belie