The median price of all houses and condos sold in the Golden State was $291,000 last month, up 2.1% from October and 19.3% from $244,000 in November 2011.
Housing prices are up 19.3%. Get a grip.
And again - from your source:
"He noted that a big factor in the rising median price is increased sales of high-end homes, which skew the results to the upside. Indexes that track specific home resales, such as Case-Shiller, show far lower price appreciation."
You'll note that I quoted that to you earlier. Not to mention linked you exactly the same article.
Perhaps you should go and look up the word "Median" and think about it for a bit.
"The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee judges that inflation at the rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with the Federal Reserve's statutory mandate targets"
Et voila - and here's some press reaction to it, too.