Zillow Economics predicts shelter CPI inflation – and the results remind us that unless active rental markets moderate even more, the U.S. economy as a whole will continue to grapple with the strain of rising costs of living well into 2025.

Buffalo, New York is set to be the hottest housing market of 2025, retaining its title from 2024, thanks to strong job growth and limited housing supply, according to a new report. As new jobs fuel competition for homes, the demand continues to outstrip availability, driving up prices in cities throughout much of the country.

Following Trump's inauguration, the Federal Reserve will hold its first policy meeting of the year. Though economists believe the Fed won't raise or lower interest rates on Jan. 29, investors will be looking for any signals to inform their risk assessment and trading strategy, all of which could impact the direction of mortgage rates.

These are today's mortgage and refinance rates. Mortgage rates may not drop as much, or at all, if inflation doesn't continue to slow this year.

Despite low unemployment levels, easing inflation, and a robust stock market, many Americans continue to feel the squeeze of high costs—particularly when it comes to housing. Median rents for 2025

Despite low unemployment levels, easing inflation, and a robust stock market, many Americans continue to feel the squeeze of high costs—particularly when it comes to housing. Median rents for 2025

Despite low unemployment levels, easing inflation, and a robust stock market, many Americans continue to feel the squeeze of high costs—particularly when it comes to housing. Median rents for 2025

Despite low unemployment levels, easing inflation, and a robust stock market, many Americans continue to feel the squeeze of high costs—particularly when it comes to housing. Median rents for 2025

Some statistics illustrate why Americans still feel crunched even though traditional metrics make economic conditions seem strong.

These are today's mortgage and refinance rates. Mortgage rates are expected to go down with inflation. But Trump could push inflation higher.

Weekly mortgage rates went up this week, with the average 30-year mortgage rate hitting its highest point since May 2024. In the week ending Jan. 16, the average 30-year fixed-rate

These are today's mortgage and refinance rates. Mortgage rates are down slightly thanks to new CPI data, which showed a slowing in core inflation.