Economists interviewed by Insider see home inflation cooling in 2022, as long as there's plenty of new construction and demand doesn't shoot up again.
Prices surged a "truly extraordinary" 14.6% in the year through April, S&P Dow Jones Indices said, the strongest inflation in data going back to 1987.
Since WWII, a house and a car have symbolized the American Dream, but their soaring prices now are the main things that could cause runaway inflation.
Prices rose 7.3% in the year through March, Knight Frank said. Some nations are taking steps to cool their housing markets and support affordability.
The housing market looks safe from a crash, but that means prices should keep rising the rest of the year, with affordability remaining a big concern.
Separately, the S&P Case-Shiller home-price index posted its largest one-year jump since 2006. That's when the housing bubble reached its peak.