UBS economist Alan Detmeister told the WSJ that the shelter component of CPI inflation can be expected to fall as much as 3.75% by the end of 2024.

Heard much the same from some real estate peeps recently. And also heard them mirror this expectation:

the Fed indicated last week that it’s on track to cut rates next year

Making the housing market a little more dynamic could be a good thing.

via The Daily Upside