Posted 2/13/2024, 6:03:00 PM
Housing Costs Continue to Climb in January Despite Expectations of Slowdown
- Shelter costs accelerated in January despite expectations they would slow
- A shortage of homes for sale is driving demand and prices up for both rental units and homes
- Inflation rose sharply in January, partly due to increasing housing and services costs
- Private measures show slower rent increases or declines, differing from government data
- High mortgage rates and low inventory continue to constrain home buyers, with little relief expected
