09/09/2026
USA: Why ‘Price Stability’ Is a Myth
As someone who’s spent years watching the push and pull of the real estate market, I’m always reminded that true 'price stability' is more myth than reality. In the US, when the price of one product rises, you’ll often find another dropping—because our spending habits shift, rather than everything moving in lockstep. Think about how technology has become more affordable, while luxuries like hotel rooms, sports tickets, and college tuition have grown pricier. These trends aren’t just about supply and demand in one corner—they reflect a web of choices, transactions, and global factors far beyond the central bank’s reach. Even if the dollar felt more stable, investment might flow away from inflation hedges and into new opportunities, compressing some prices but making truly scarce goods even more valuable. In real estate, I see firsthand how changing prices can signal growth and evolving priorities, not just economic challenges. Ultimately, lasting price stability is elusive—and often, shifting prices are a sign of a dynamic, progressing economy.