HOUSING PRICEs - hpi vs cpi
Since 2000, housing prices across the largest metropolitan areas grew or declined at different rates. As a means for comparison, the S&P Case Shiller HPI is graphed against the Consumer Price Index.
Dark green shaded area shows when the cumulative HPI exceeded the cumulative change in the CPI.
Red shaded areas shows when the cumulative HPI fell behind the growth or cumulative change in CPI.
U.S. Home Prices vs. Consumer Price Index
- All but two of the 20 markets show greater growth in home prices compared to the trend in consumer prices. That is, home prices grew faster than inflation.
- Only the Detroit and Cleveland markets have home prices that have not kept pace with inflation.
NATIONAL
MSA HOUSING PRICES VS. INFLATION