marmorset t1_jabm0az wrote
Reply to comment by AgentElman in TIL that in the period of time since the introduction of the consumer price index, the highest inflation rate observed in the U.S. was 20.49% in 1917. by ringopendragon
I'm a real estate agent, housing sales have slowed down, but prices have not dropped at all. They're not as high as the rate of inflation, but they're rising. Demand has dropped because mortgage interest rates have gone up, but supply is down since construction slowed/stopped during the pandemic and that's kept the cost up.
No, the government should not be declaring that housing prices are deflating because that's not at all true.
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