Sources: Zillow, Apartment List, BLS, and William Blair, as of December 2023.
2.0
2.3
2.9
3.7
4.4
4.3
4.1
3.9
3.5
3.0
2.4
1.9
3.9
4.0
4.2
4.2
Shelter CPI is highly correlated with house prices and rental costs, both of which have decelerated already.
Year-Over-Year Percentage Change in U.S. Housing Prices