The July inflation report offers encouraging signs that the surging prices that have plagued wide swaths of the economy might be cooling off. One sector in which prices remain stubbornly high and rising is housing. The CPI report shelter prices increased 5.7% year-over-year and rents rose 0.7 percent from the previous month. Taken together, housing was responsible for about 40 percent of overall price increases.
Anthony Yezer, professor of economics at the George Washington University, is an expert on urban and regional economics. He can explain why the housing prices did not follow the downward trend in other sectors and share his insight on how the housing market could evolve in the near future.
If you would like to schedule an interview, please contact the GW Media Relations Office at [email protected].