Housing Prices Have Stuck The Fed in a “No Landing” Situation

"there is a good chance that over the course of 2024 the way the government measures rent is going to keep declining at least throughout the year"

"I think there's a good chance shelter inflation comes down close to the fed's 2% Target by the end of the year"

"if I personally had to guess I'd say that inflation will still be above 2% by the end of the year"

"I don't personally expect it to be some big cut or I don't think we're going to see mortgage rates really start to drop that much"

"the fight against inflation and avoiding a recession will almost certainly extend into 2025 meaning we may unfortunately stay in this no Landing zone for the foreseeable future"