Effect of inflation on Real Estate

[Polina Ryshakov]

Real Estate is generally viewed as a good asset when it comes to inflation, but often real estate is not included in the basket of goods that measures inflation, you may ask why, because we do not buy a house every month. The above graph shows what owners think they can get in rent for their house (this information was gathered through a survey). 

You can see how it tracks relative to apartment rents, its understated in the inflation numbers reported. Yes interest rates are low and so is the monthly loan payment, but the costs to keep up the house and taxes are going up, so this data point is appears lower than it should be. What's your take?