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Waiting for Home Prices to Fall? Don't Hold Your Breath
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Waiting for Home Prices to Fall? Don't Hold Your Breath

Nominal price drops are rare and short-lived

May 30, 2023
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Home Economics
Home Economics
Waiting for Home Prices to Fall? Don't Hold Your Breath
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  • We often talk about changes in home prices without adjusting for inflation (“nominal” changes in prices). But measuring changes in “real” terms—stripping out the impact of inflation—makes more sense.

  • Most national indices show that home prices are higher than they were a year ago—but only without adjusting for inflation. In real terms, prices are lower.

  • B…

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