Domicile Dollars

According to the National Association of Realtors, Y-o-Y home price appreciation through 7/21 was 17.8%, and with annual inflation, as measured by the CPI at 5.4%, real appreciation was a very strong 12.4%. The housing market has since weakened and for the year ending 7/22 home price appreciation declined to 10.8%, but with annual inflation at 8.5%, real appreciation was just 2.3%, one-fifth of what it was twelve months earlier.