Inflation data is good news for real estate in 2024
Housing Wire
DECEMBER 12, 2023
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates are too high. Core CPI would be much lower today if we had real-time rent data. Shelter inflation is also 44.4% of the index so it’s the most significant component of the CPI index.
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