home prices

Three years into the pandemic, America’s better-home obsession is fading fast.

The thirst for $13,000 leather couches, $1,200 coffee tables and $100 lamps that led to a boom for Williams-Sonoma Inc. and R-H Inc. and resurrected the fortunes of Wayfair Inc. looks solidly in the past. Inflation is driving people to buy less of the nice-to-have home purchases and more of the need-to-have. For anyone riding high on the home investing boom, that bubble has burst.