The vog (volcanic fog) here is worse than usual but the air quality according to the EPA fluctuates between "Good" and "Unhealthy" depending on the wind patterns. 

In the more rural areas, prices are obviously cheaper, but they have there own issues such as fluctuating demand because of oil/coal booms and busts, limited selection of tenants and property managers, etc.

Rates will fluctuate but fed didn't raise rates last time they met and they're not meeting until June I believe. 

Since they are exchange traded, like a stock, they will fluctuate in price and are not precisely tied to the NAV of the index.

Currency fluctuations, tax policy, FED actions, international relations and commodity prices DO affect our business.So, my point?

So, thanks to the falling we're seeing now, house prices in real terms will be lower than they are now.Now, because there are short term fluctuations, the prices might actually be up or down exactly 20 years from now.Nominal prices will likely be higher.

Historically, appreciation has matched inflation over the long term, with short term fluctuations.

Key word is 'Market' which means prices fluctuate.

You lose another $12K in nominal terms.This strategy might work, because over the short term there are fluctuations.

I think I am familiar with market values for my area in regards to what I am looking at, but with such fluctuation and bidding wars going on I think it prudent and frankly interesting to pursue this question.