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84 sats \ 2 replies \ @Undisciplined 27 Apr \ on: Disinflation Stalls as Housing Costs Keep Inflation Elevated econ
Yeah, home prices and rents are starting to come down, but not enough to offset the higher interest rates on mortgages.
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103 sats \ 1 reply \ @Satosora 27 Apr
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.
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0 sats \ 0 replies \ @Undisciplined 27 Apr
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.
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