|July 23, 2014: Today, Chartoftheday.com1
For some perspective on the all-important US real estate market, today's chart illustrates the inflation-adjusted median price of a single-family home in the United States over the past 44 years. My local Real Estate:
There are a few points of interest.
only did housing prices increase at a rapid rate from 1991 to 2005, the
rate at which housing prices increased -- increased.
- All those gains and then some were given back during the following 6.5 years.
- Over the past two years, however, the median price of a single-family home has trended significantly higher.
recently, the inflation-adjusted price of the median single-family home
has declined and is now testing support of its two-year upward sloping