Numerous ways it affects inflation (which is no longer measured by the CPI anyways) and is manifested. From hoarding "investing" to "bubble" psychology.
Any rate, getting back to your argument on frequency or as you try to frame it, %, you make a hypothetical claim of what, 1% transition among "first time" home buyers...as if they are the only ones? You have to square your number then with even the lame CPI assumption which does seem to weight the housing sector vastly higher as a component of the cost of living.
You're confused again. You said:
"Everyone within a market, active, or inactive, is conscious of price pressures"
How is an "inactive" market participant hurt by a rise in the price of the good he is "inactive" in?
Any rate, getting back to your argument on frequency or as you try to frame it, %, you make a hypothetical claim of what, 1% transition among "first time" home buyers...as if they are the only ones?
Please explain how non first-time/ new construction buyers are impacted by higher housing prices. Explain how my argument is less accurate than your data dump.
You have to square your number then with even the lame CPI assumption which does seem to weight the housing sector vastly higher as a component of the cost of living.
Vastly higher than what?