What does the new Fed guidance mean for real estate?

[Elliot Vann]

Pretty straightforward question-

I’m not an economist, but I know that Jerome Powell said something extremely important today!

My little understanding is that the Fed came out with new guidance that they are going to have a higher tolerance for inflation.

I think that means they will keep rates low, it will be easier to borrow money, and therefore we will have above average inflation.

What does that mean for Real Estate?!?!