It is something that was already seen coming, the dollar has been devalued and its purchasing power is no longer the same.

It's both.

It is crazy to think, one day an entry level home in an okay part of town will cost upwards of $1M. This is closer than we think!

100% true. And they will mislead you by telling you other things. Stock market being up, job market thriving. All of these things to distract you from the truth.

Actions by the Federal Reserve, such as quantitative easing, can increase the supply of dollars in the economy, potentially reducing its value

Property will always get expensive in a fiat system. Asset prices like houses go up as rich people use it as a store of value. But yeah in essence the dollars are being debased.