Young Families thank Jerome Powell

Thank you for the link, and your reply. I agree with you that home prices are in large part contributing to the inflationary cycle. The morgan stanley inflation study of monthly payments only looks at the past year, that’s what caught my eye.

“Morgan Stanley analysts determine national home prices. By Morgan Stanley’s calculation, the monthly payment on a median-priced home is up 27% over the past year” This is from a study dated Oct 19,2023. This period is from Sept 2022 to Aug.(end) 2023.
I would have thought, same as you, that these monthly inflation number resulted from the increased cost of homes, but as you can see, from last last quarter ’22 to third quarter ’23 home prices fell dramatically. Otherwise I would not have made note of them.