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Consumers nationwide are griping about how much inflation has soared in the last year, but homeowners may have less to grumble about than the rest of the population. A report from real estate website Home Bay has found that housing prices have exceeded the pace of inflation by 86 percentage points since 1980 — and if you're a more recent homeowner, you're still seeing pretty phenomenal growth.
At a median square footage of 2,356 and a median price of $397,100 for a new single-family home, the median price per square foot is $169. That's a 310% increase from 1980, when the price was $41 per square foot, according to Home Bay. Consumer prices overall have gone up 224% over that same period, according to the Federal Reserve Bank of St. Louis.
