Has inflation made DC homes more or less expensive since 2000?

Adjusting for inflation, homes in DC are more affordbale compared to pre-recession levels
  • Adjusted for inflation, home prices across the nation are 38.5 percent lower than their peak a decade ago.
  • Without inflation factored in, the national price level is 2.6 percent away from the housing boom peak in 2007.
  • D.C.'s RHPI is 85.7, showing greater affordability compared to 16 years ago.

First American has released the newest edition of its Real House Price Index, which reflects inflation factors such as shifts in income and mortgage rates.

According to the report, the influence of better wages and declining interest rates shows that even though prices are close to peak in many major metros, consumers are gaining buying power.