If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?
The U.S. inflation rate was 8.2% in September. This is a slight drop from the 8.3% rate in August but more than the 8.1% economists were forecasting for the month.
At the same time, the average median house price declined to $389,500 in August, compared to a high of $413,800 in June. But the median house price is still higher than a year ago.