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.

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.

The most recent core Consumer Price Index report (which measures inflation, minus the volatile food and fuel segments), released on Jan. 15, showed that inflation finally slowed slightly in December, renewing optimism that further cuts could be coming after all.

These are today's mortgage and refinance rates. Mortgage rates have been holding steady, and they might not drop as much as expected this year.

On a normal day, it's nearly impossible to predict which way mortgage rates will go. Now, with so much uncertainty in financial markets, mortgage rates could see more spikes and volatility, particularly following the Jan.

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

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