[snowwrestler]

Real returns from home price appreciation are sustainable to the extent that only some homes see such real returns. And indeed, national housing data shows that averaged over time and distance, U.S. home prices don’t climb faster than inflation. Even though some hot markets do.

[ascotan]

Here's are a few charts tracking home prices vs the consumer price index:

https://www.longtermtrends.net/home-price-vs-inflation/

https://www.bankingstrategist.com/housing-prices-hpi-vs-cpi