Stocks and homes are assets priced in US$ -- so, their soundly shown price histories are inflation-adjusted ("real"). But such are seldom seen, because: Well apparent therein are our nation's serial, massive mispricings. Recently and unprecedentedly, both have been contemporaneously far above extrapolated history.
http://patrick.net/misc/Ask+journalism+how+much+it+got+for+its+soul.++%22The+Public+Be+Suckered%22