That’s the short of it. Oil impacts everything from manufacturing to shipping and distribution and ultimately hits the consumer’s wallet when purchasing to filling up the tank.

If lower oil prices help keep inflation in check, the Fed will be that much more likely to continue lowering rates.

On the rental side, affordability is now the best it’s been in four years—another factor helping to bring overall inflation down.

Here’s an interesting side note: Americans are moving far less than they used to. Historically, about 15% of the population changed residences each year (and closer to 20% back in the 1960s). Over the past year, that number has dropped to just 11%.

It could be all those 3%’ers with their fantastic rate they don’t want to give up?

Rate are moving in the right direction and we see the activity growing. We expect that mobility % to increase substantially in the coming years.

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