Good point. Home prices were moving back towards their long-term trendline, but might not even have fallen that far yet. Still, the driving force of rising shelter costs is the higher interest rates.

They might be cooling a bit, but they rose to double during covid. With inflation, many people cant even save money anymore. Its rough out there. 

Satosora

Yeah, home prices and rents are starting to come down, but not enough to offset the higher interest rates on mortgages.

Undisciplined

econ

https://cdn.statcdn.com/Infographic/images/normal/18344.jpeg

https://www.statista.com/chart/18344/year-over-year-change-of-the-consumer-price-index-for-all-urban-consumers/