The Great Repricing of Housing: Affordability Enters the Fed's Math
Housing costs no longer follow the rest of the inflation basket, and policymakers are starting to notice.
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Shelter is the stickiest line item
Rents and home prices move on supply, zoning and demographics — not on central-bank rates alone. Tight housing now feeds wage pressure and restrains labour mobility.
Governments are responding with supply-side fixes: upzoning, fast-track permits and institutional rental markets. Slow, but real.
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