House Costs Through History
As you scroll through house listings on Zillow and shake your head about prices, it’s easy to think about how bad modern homebuyers have it. And it truly is harder to afford a home now — but exactly how bad do the buyers of 2022 have it? We scoured 24/7 Wall Street’s list of average home prices back to 1950 in real dollars and in dollars adjusted for inflation (for easy comparison with today’s average price, which is upward of $300,000). We also include the growth rate of the gross domestic product at the time and other economic indicators from The Balance to see what might have affected housing markets that year, as well as some touchstones of culture and technology that defined those eras.
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