Housing inflation remains the big question but answers are tough ...Middle East

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Housing inflation remains the big question but answers are tough
There are people who saying US housing inflation is a problem that isn't going to go away. Here is a recent chart from Apollo, highlighting rising US house prices overlaid with rent. Does anyone else see a problem here?The numbers on rent and owners-equivalent rent certainly correlate with each other but I don't see any correlation here with house prices. There are long periods of divergence and spikes that don't follow each other. Yes, there has been some correlation since mid-2022 but this chart shows that's largely the exception rather than the rule.Contrast that with this chart, which is one I called 'the bull case for everything'.It's the same OER line but correlated against rent prices

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