I do see evidence of people renting, because they intend to buy next year when the prices are lower. So I do think rent will be a lagging indicator, and will k

I do see evidence of people renting, because they intend to buy next year when the prices are lower. So I do think rent will be a lagging indicator, and will keep going up for a while. That will keep the inflationary pressure on the Fed to raise rates higher and for longer.