The rising cost of houses and high mortgage rates are making homeownership harder to achieve. However, the lack of homes to buy is balancing out these increases. The Federal Reserve will try to lower interest rates, which may help buyers. Additionally, the "build-to-rent" market is becoming increasingly popular. This involves constructing homes that will only be rented out, which provides a more affordable option for many people.
Shelter costs continue to fuel inflation, particularly due to landlords slowly raising rents on existing tenants. The shortage of housing, especially single-family homes, has kept supply low while demand remains high. As a result, experts predict that shelter inflation will remain elevated, contributing to overall inflation.
