I guess it was a major sign of inflation during the Carter years, but what I remember was the 18-20% mortgage interest rates. We were renting an apartment but thinking about buying a house, but the rates made it impossible.
I’ve learned that the time to buy a house is when rates are high. They deflate prices (people buy a payment, not a price), and you can refinance when sanity returns. And the lower rates cause your home value to skyrocket.