Home Buying Costs Over Time

Home Buying Costs Over Time Median Cost of Homes 1940 2014 $2,938 $188,900 Adjusted for inflation, the cost of a home in 1940 still comes in under $40,000 Home prices increased by 43 percent in the 1970s 니 3 0.2 1910s 1989 In 1989, home prices only increased by 0.2 percent Average home prices peaked around $200,000 in July of 2006, before going through a large collapse in price July 2006 Thanks to inflation, a $200,000 home today will be worth $250,000 in 2023 2023 $250,000 2015 $200,000 California and Hawaii have consistently been the most expensive places to buy a home in the United States Castle & Cooke MORTGAGE, LLC http://www.huffingtonpost.com/2014/03/13/median-home-price-2014_n_4957604.html https://www.census.gov/hhes/www/housing/census/historic/values.html http://www.nytimes.com/2013/04/14/business/why-home-prices-change-or-dont.html?pagewanted=all&_r=0 http://www.investopedia.com/articles/mortages-real-estate/11/the-truth-about-the-real-estate-market.asp http://www.ritholtz.com/blog/2011/04/case-shiller-100-year-chart-2011-update/