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Median home price does not necessarily mean that houses are appreciating. People could be building larger, more expensive houses. Building codes may also add co
by zip1234 8y ago
Median home price does not necessarily mean that houses are appreciating. People could be building larger, more expensive houses. Building codes may also add cost to a house. Homes didn't used to have to have smoke detectors all linked together, be grounded properly, have waterproofing, etc.
- ctrl-j 8y ago1. It's unlikely the effect on price of what you are describing would have the impact that is being shown. 2. Regardless of that fact, the area between the curves is the troubling part.
- kristopolous 8y agoSure but material science has progressed for cheaper materials, machines have reduced the required number of people needed... It cuts both ways.
- zip1234 8y agoIt looks like you are right about that--looking around, it appears that inflation adjusted price per square foot has remained relatively stable. However, a larger home with price/sq ft remaining the same results in a higher price.