Reported about 7 hours ago
In September, housing inflation showed a significant decrease, with shelter costs rising only 0.2% month-over-month, down from 0.5% in August, and annual increases slowing to 4.9%. This shift offers hope for easing inflation, as shelter costs have been a major contributor to price spikes. Economic experts suggest that the trend may continue to moderate despite ongoing challenges from limited housing supply and potential interest rate cuts, which could exert upward pressure on rents.
Source: YAHOO