US housing inflation will slow in early 2024, Dallas Fed paper says
Researcher uses vector error correction model to estimate housing market pressures
US housing inflation will slow to 5.7% in the first quarter of 2024, a research paper from the Dallas Fed predicts.
The paper assesses how housing costs contribute to the two main US inflation measures: the consumer price index (CPI) and personal consumption expenditure (PCE). It estimates housing inflation in the US reached a recent peak at 8.3% year-on-year in April 2023.
The paper examines both rent and “owners’ equivalent rent” (OER), an estimate of what a property’s owner would pay if
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