Gotcha and I agree interest rates and inflation are a big influence on home prices. To me it’s like saying water is wet because it’s obvious they influence all asset prices. However there are not the sole cause. There are other significant forces which can’t be so easily measured but none the less are very powerful. I took exception to the inference that inflation and interest rates explained all or nearly all of the price changes.
And I’ve been having that discussion for years but others refuse to acknowledge that which I provide evidence of though not perfect statistical data as it does not exist because it can’t be measured
