If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?

The U.S. inflation rate was 8.2% in September. This is a slight drop from the 8.3% rate in August but more than the 8.1% economists were forecasting for the month.
At the same time, the average median house price declined to $389,500 in August, compared to a high of $413,800 in June. But the median house price is still higher than a year ago. Read more....
https://finance.yahoo.com/news/real-estate-inflation-hedge-why-145420734.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAER85gxRE9arPteOqXke4AOXO5ywdQcAuyPrbcDPQB90hjbjIO2O3dUixxHCJG4yCjDa_N-iXKUcwMwckC2gcaJDYyYW3nFgWKwEFCJMpHgt5hQw5NNzRrq4JC9OY4U_8GE0DXa5AiZYXtJLe_xGVhLwH2C3qnPx6QBu0DWnNU1A