More of the same. Not much to report this month. Shelter inflation continues its upward march. Non-shelter core inflation held steady at about 1.2%.
Since last month, interest rates have been declining - a bearish signal. Unless there is a bold and quick action on Dodd-Frank after the inauguration that removes liabilities for banks that would lend to the lower tier of the housing market, I still an leaning toward a bit of a bumpy patch ahead.