Reported 2 months ago
Economist Constantine Yannelis discusses the latest CPI data revealing higher-than-expected inflation, particularly in food and housing costs, complicating homeownership for many Americans. He highlights a slowing growth in home prices but notes that affordability remains a significant issue, especially with high interest rates. Yannelis expresses uncertainty about future mortgage conditions until the Federal Reserve begins substantial rate cuts, a process he describes as still unclear in timing.
Source: YAHOO