My parents are trying to buy a house recently, and have been complaining about the prices. They were frustrated with themselves for not moving in 2014 when they had an opportunity. With inflation in the news these days, it made me wonder - how much of the price increase is due to inflation?
Since we already had monthly Consumer Price Index from FRED, and monthly Zillow Home Prices by Zip Code, all it took was a few clicks to merge the datasets, adjust for inflation and plot the prices in 2014-dollars.
I created a chart for the nation overall, as well as for the zip codes that my parents are looking for a house in.
Here was the canvas
Here was the chart I made
