#wealth-erosion

#wealth-erosion

High home prices and mortgage rates have created unaffordable conditions for many Americans, but the housing market's ability to create more wealth has sputtered. That's because even as home prices continue to hover around record levels, they are also edging lower and lagging behind the rate of inflation, which has heated up amid President Donald Trump's tariffs. "For the first time in years, home prices are failing to keep pace with broader inflation," said NicholasGodec, head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices, in a statement on Tuesday.