Analysis of information sources in references of the Wikipedia article "Housing crisis" in English language version.
{{cite web}}: Check |url= value (help)Fed Chair Jerome Powell in testimony this week said a growing housing shortage is likely to result in continued housing inflation.
{{cite web}}: CS1 maint: multiple names: authors list (link)Housing costs just posted one of their largest monthly gains in decades, and many economists expect them to loom large in inflation figures over the next year heading into the 2022 midterm elections. It's not just economists — the Federal Reserve Bank of New York said in research released Monday that Americans on average expect rents to rise 10.1 percent over the next year, the highest reading in the survey's history.
But when it comes to the single biggest driver of runaway prices, Washington's hands are mostly tied. Skyrocketing housing costs may create even bigger problems for the administration going forward than oil and food price spikes, which are the result of sudden and unforeseen — but probably temporary — events. That's because there's no clear end in sight for shelter inflation.