The Most Splendid Housing Bubbles in America, November Update: Another Holy-Cow Moment | Wolf Street

The Case-Shiller Indices are set at 100 for January 2000. The Los Angeles index value of 366 means that house prices have soared by 266% since January 2000, despite the Housing Bust in between. Over the same period, the Consumer Price Index (CPI) rose by 64%.

Seattle metro: House prices rose by 0.4% for the month. The past two month-to-month increases were slowest since June 2020 and whittled down the year-over-year spike to 23.3%, from 25.5% at peak-heat in July. Since January 2000, house prices have soared 246%:

The Most Splendid Housing Bubbles in America, November Update: Another Holy-Cow Moment | Wolf Street

But as the government says, ‘inflation’ is ‘temporary’.