I wonder if the shift in market mix is hiding the price inflation of housing, though. In our neighborhood, and other mid to high-mid areas that I’ve been following, prices are pretty much back to bubble highs.
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I don’t think that is much of an issue; I am using the Case-Shiller index which is uses repeat sales of the same home.
I suspect that outside of some “special” markets like CV, if you are seeing anything near peak prices on some houses, it’s due to massive upgrades.
