In a report published on Tuesday, the Federal Reserve Bank of New York said that the expected rent price increase for next year was at 8.2%, down from 11.5% last year, as reported by Reuters.

Additional takeaways

"Expected home price increase over next year at 2.6% vs 7% a year ago."

"Expected home price increase stands at lowest in survey history."

"A large majority of Americans still see housing as a good investment."

Market reaction

This headline doesn't seem to be impacting the US Dollar's performance against its rivals. At the time of press, the US Dollar Index was down 0.35% on the day at 102.48.