Market Watch, February 13, 2024, Housing Costs Are Still Rising, But That Won’t Stop The Fed From Cutting Interest Rates
For over a year, economists and financial market experts have been confidently arguing that shelter costs are on the cusp of rolling over. So it was a surprise to many when shelter costs accelerated in January.
Stephen Stanley, chief economist of Santander Capital Markets, has contended that shelter costs will slow but not as much as expected. In an interview after the January consumer price index was released, Stanley noted the cost of new and used homes have begun to rise again. And a chronic shortage of properties for sale means there’s more demand for rental units.
