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Housing prices across the board have jumped 40% on average -- in the past year. In the insane prop 13 fueled market that is california bay area increases are cl
by hamburgerwah 5y ago
Housing prices across the board have jumped 40% on average -- in the past year. In the insane prop 13 fueled market that is california bay area increases are closer to 65% in the past year.
- Retric 5y agoNo they haven’t. “According to Zillow, the typical value of U.S. homes is $269,039 as of January 2021, a 9.1% increase from January 2020. Between 1999 and 2021, the median price has more than doubled from $111,000 to $269,039.”
- Grakel 5y agoWhat about only including data from places people want to live? You can buy a house in South Dakota for 25,000, but that not useful information when looking at national housing inflation.
- Retric 5y agoMedian cuts things in half, it’s effectively the middle of housing desirability. You might want to live in NYC or SF, but most of the US doesn’t.
- gruez 5y ago>What about only including data from places people want to live Shouldn't the median sale account for this? If there's a buyer presumably somebody wants to live there, and if there are 1000 sales in CA but 10 in SD that would be accounted for as well.
- msrenee 5y agoSouth Dakota would be nice. We were up there for a couple days this spring and it was tempting. Nice people, little bit of scenery, cost of living is reasonable. Definitely beats moving to someplace that's crowded and hectic or at high risk for flooding or wildfires.
- nradov 5y agoThe Case Shiller index shows a significant price increase but nowhere near 40%. https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA