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I’m coming out of guide depart to only throw just a few charts at you concerning the Inflation knowledge for December. CPI got here in a 0.3% versus 0.2% anticipated month over month. However the satan is within the particulars.
BLS pointed to shelter because the supply of the rise: “The index for shelter continued to rise in December, contributing over half of the month-to-month all gadgets enhance.”
In the true world, shelter measures have been flat or adverse.
The Condo Record Nationwide Hire Report confirmed that the rental market ended 2023 with a fifth straight month of adverse hire progress Nationwide, median hire fell by 0.8% in December — even because the BLS modeled, laggy measure confirmed an increase.
Identical with Zillow — each the Noticed Hire Index (above) and the the Zillow Dwelling Worth Index (under) truly FELL in November 2023 . . .
Sources:
Condo Record Nationwide Hire Report
Condo Record, January 3, 2024
Zillow Dwelling Worth Index (ZHVI)
Client Worth Index
BLS, January 11, 2024
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