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