Thanks for your compliment, pwillow. I could easily write a very detailed article on this issue, but I'll keep my reply brief.
If you have a weakening US dollar combined with low interest rates and keep the printing presses running hot then US housing prices will eventually start inflating in US dollars.
I'm not suggesting that is good economic policy.
I'm not suggesting US housing prices will increase in real terms.
But US housing prices will increase in US dollars.
