Housing, healthcare, and university are all included in the Fed's measurement of inflation.
Housing is based on rent & the FINANCING cost of owning a home. If house prices and rent go up a ton and interest rates go down - it is possible the way they measure housing costs could be negative.
Since non-homeowners are close to 40% of the population and rent is their biggest expense and many of them are trying to buy a home - this metric is pretty obviously broken for them.
University prices don't have a high weight because they only affect the people currently paying for college (~18M US students - some of them are graduate students going to school "for free" = <5.5% of the population).
Until 2019 housing costs was one of the main drivers of inflation. The CPI had something like 3%-4% housing inflation but there are lots of products with barely any inflation which dragged the numbers to 2% or below.
The amount you pay on your mortgage and the amount that the previous homeowner gets are two different numbers because you have to pay interest on your mortgage. Low interest rates don't really change your monthly payment people the bank simply charges less interest which lets you bid for higher prices on homes. You get a more expensive home without paying more on your mortgage.
Housing is based on rent & the FINANCING cost of owning a home. If house prices and rent go up a ton and interest rates go down - it is possible the way they measure housing costs could be negative.
Since non-homeowners are close to 40% of the population and rent is their biggest expense and many of them are trying to buy a home - this metric is pretty obviously broken for them.
University prices don't have a high weight because they only affect the people currently paying for college (~18M US students - some of them are graduate students going to school "for free" = <5.5% of the population).