In the following brief video, from realtor.com, we can an update that gives you the relevant economic and real estate information you need to know to navigate the housing market as a homebuyer, home seller, or industry professional.

In March, Chief Economist Danielle Hale highlights still-strong economic readings including the latest labor market and inflation data. She hones in on key inflation metrics and how shelter costs are contributing. She notes that shelter costs have decelerated, and rents are falling annually, which should eventually be reflected in the inflation data.

Danielle also reviews the thinking from the March Fed meeting and how the committee’s economic projections signaled that interest rates may remain ‘higher for longer’, dependent on incoming data. She notes that mortgage rates could ease, mirroring the decline in 10-year treasury yields.