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.
Currently, 17 of the 20 markets show greater growth in home prices since 2000 compared to the trend in consumer prices. That is, home prices grew faster than inflation.
Chicago, Detroit and Cleveland markets continue to show home prices that have not kept pace with inflation.