00:00You know, it's crazy how some people forget just how bad it really was.
00:07Check it out.
00:09Increase averaged out to just over 5% with peaks, of course, as you know, well over 9%.
00:17So far in President Trump's second term, the CPI number is back under 3%.
00:23Now, let's talk about the other hot issue, housing.
00:27Yesterday, we showed you where housing prices are falling.
00:31It's states like Texas, cities like Dallas, Austin, and San Antonio.
00:35It's cities like Atlanta.
00:37It's cities like Miami.
00:39But let's take a look at where housing prices are surging, rising.
00:44They're blue metro areas.
00:46New York and Boston up more than 4%.
00:49Minneapolis, almost 4%.
00:51Los Angeles, almost 4%.
00:54Nationally, housing prices took off during the Biden administration, up from Trump's first term and higher than Trump's second term.
01:04So what is driving housing prices up, out of the reach of the middle class and the young?
01:10Let's talk more.
01:12Let's talk more.
