NPR.

This is the indicator from Planet Money, I'm Darren Woods.

And I'm Adrian Ma.

I'm Whalen Wong, and it is time for Indicators of the Week.

And the big economic news, as we've talked about a bit on the indicator, is that the Fed

made this huge 3.25% point lift and interest rates on Wednesday.

Yeah, these rate hikes are meant to cool off the economy and lower inflation.

And what we're going to focus on today is one of the biggest parts of inflation.

The thing we spend a ton of money on in our everyday lives, housing.

So on today's show, how rising interest rates are shaking up the housing market.

How this might affect homeowners, first time buyers, and renters.

This message comes from NPR, sponsor Fundrise, a platform that makes investing in high-end

real estate easy.

You tell Fundrise your investing goals, and Fundrise puts your money into the real estate

deals that are right for you.

Sign up for free at fundrise.com slash NPR.

First up, let's look at homeowners.

So my indicator is 27.8 trillion dollars.

Try to get your heads around that number.

That's a lot of money.

I mean, US GDP in 2021 was 23 trillion dollars.

So this is an even bigger number.

...