cyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.

It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.