Inflation is too much money chasing too few goods. It never happens uniformly. That is, when real estate was going up by 50%, the price of nuts and bolts at Home Depot was not also going up by 50%. In the cases above, we have lots of easy money in the form of unnaturally low interest rates from the Fed and cataracts of newly minted greenbacks floating around, needing to go somewhere. Meanwhile, there is no rational reason for the growth in these two indexes - there hasn't been a huge jump in corporate profits and the supply of gold is pretty much the same as always.
Sounds like inflation to me.