- He's watching whether sharp, ongoing increase in home prices poses financial stability risks
- Rising cost of rent has implications for monetary policy
- Fed's purchases of MBS reduced mortgage rates by 40 bps
- Home buying has grown less affordable
- Demand for houses is up, supply is constrained
- Home price rise isn't fueled by excessive leverage and easy lending
Waller himeself noted in his last appearance that he's shopping for a home in Washington so his comments might be biased by that.
