Fed's Powell: Housing Inflation to Fall 'Significantly'

The video discusses the current state of the national housing sector, noting that it has flattened and slightly increased but remains at a lower level due to high rates. It explains that supply and demand are aligning, and housing inflation is expected to decrease as lease renewals occur at lower rates. The method of calculating housing inflation is also covered, highlighting the impact of lease renewals on inflation rates. Overall, the video predicts a significant decrease in housing inflation over the coming year.

What has happened to the housing sector nationally according to the text?

What factors are mentioned that influence the alignment of supply and demand in housing?

What is indicated about the calculation of inflation in the text?

How is housing inflation expected to change in the coming years?

What is the expected trend for housing inflation over the course of the next year?