It's hard to tell. Did housing prices skyrocket or did the value of the dollar plummet? I think it is both but housing prices didn't necessarily skyrocket, they just went up. The dollar plummeted and has been in a free fall ever since Obama. Unfortunately Trump never told the Feds to stop printing money at the rate Obama told them to print. But Biden told the Feds to turn the knob up to 11.
This has caused, as George Soros said, "the managed decline of the U.S. currency". So while my house may cost a whole lot of dollars, it's value has only risen a little bit. But then I live in the state of Utah and we are experiencing a housing shortage so supply and demand also played a role in the cost of a house here.
