The housing market is slowing down, but compared to last year, homes and rent are still much more expensive. San Jose, California is the most expensive rental market, while Miami is the least affordable. For rent below the national average, consider cities like Oklahoma City or Birmingham.
Inflation is still a worry for Americans, with prices rising 3.2% since last year. Essential items like gasoline, rent, and food have seen notable increases, including a 6% jump in eggs and cereal. This has made it harder for many to make ends meet. President Biden aims to address inflation, but many haven't seen much improvement. However, furniture costs have actually gone down, with IKEA announcing a price cut due to easing global inflation and investment improvements.
