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Here’s a peek into how inflation affects the housing market. ... One upside to inflation and the Fed’s many price hikes: higher interest rates on savings accounts. If you aren’t already, put ...
As the Fed raised its benchmark rate to tame housing inflation, mortgage rates followed, rapidly rising from 3.22% at the start of 2022 to over 7% now. That’s stopped sellers from listing their ...
Lower-income people spend much of their income on items like food and housing, for which costs have spiked. Moderating rental rates and steady wage growth could help these households feel relief.
The shelter component of the April Consumer Price Index (CPI) — which makes up a third of the overall inflation index — rose 0.4% month over month after rising 0.6% in March.
Housing inflation continued to be sticky last month. The shelter component of the Consumer Price Index (CPI) increased 0.4% in November from the previous month, up from October's 0.3% monthly gain.
If one assumes that the housing market is efficient, the expected change in housing prices (relative to interest rates) can be computed mathematically. The calculation in the sidebox shows that a 1 percentage point change in interest rates would theoretically affect home prices by about 10% (given 2005 rates on fixed-rate mortgages).
Housing costs are still a key driver of inflation, according to the latest data from the Bureau of Labor Statistics released Wednesday, even as the residential market stabilizes.. The shelter ...
"The one-month rent gain of 0.5%, or a 5.8% annualized gain, is suggesting further calming in rents in upcoming months." But even as housing inflation moderates, high costs are still a burden to ...