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Newsletter #003-2023

Issue #3 Published July 7,2023

Will Interest Rates continue to Increase? Part 2

Housing is perhaps the most consequential category in the average homeowner’s budget. As the largest expense for an average U.S. household, shelter accounts for more than a third of the Consumer Price In weighting, the most of any other consumer good or service. That gives housing an outsized influence on the overall direction of inflation data. But economists think it has peaked and is on the precipice of a reversal.  Accounting for a substantial lag, meaning it can take six months to a year for a decline (or increase) in current housing prices to fully feed through to inflation data, economists said.

Eddy Chavarria
chavarriaeddy@gmail.com
(323) 309-7698
5717 York Blvd., Los Angeles, CA 90042
Department of Real Estate #001040221
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