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- Labor shortages and a consumption shift toward goods over services are key factors contributing to supply chain disruptions, stoking inflation.
- The Federal Reserve’s monetary tightening is front and center heading into the new year as the central bank anticipates three rate hikes in 2022 and 2023, setting the stage for higher costs of capital.
- Historically low vacancy rates reflect a rental housing market where household demand continues to exceed available supply.
- Changes in where and how people work are allowing Americans to choose housing options across a wider geographic area.
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