Housing Price Increases Versus Inflation Rate 1964-2002


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The Bubble

Years before the housing bubble exploded and turned into a financial nightmare, I noticed as did many people that real estate prices had gone through the roof, that the whole pricing system appeared quite absurd and surreal. Too many people were gloating about their real estate investments who seemed too poor to be in on the game. And too many middle-class people were gloating like they were millionaires.

We now know it was all a scam. But here are my calculations that show how much the prices were skyrocketing.

Prices are in US dollars. They are not adjusted for inflation.

  
Year 1964, avg 20500, avg increase 5.85366%, median 18900, median increase 4.7619%
Year 1965, avg 21500, avg increase 4.65116%, median 20000, median increase 5.5%
Year 1966, avg 23300, avg increase 7.72532%, median 21400, median increase 6.54206%
Year 1967, avg 24600, avg increase 5.28455%, median 22700, median increase 5.72687%
Year 1968, avg 26600, avg increase 7.5188%, median 24700, median increase 8.09717%
Year 1969, avg 27900, avg increase 4.6595%, median 25600, median increase 3.51562%
Year 1970, avg 26600, avg increase -4.88722%, median 23400, median increase -9.40171%
Year 1971, avg 28300, avg increase 6.00707%, median 25200, median increase 7.14286%
Year 1972, avg 30500, avg increase 7.21311%, median 27600, median increase 8.69565%
Year 1973, avg 35500, avg increase 14.0845%, median 32500, median increase 15.0769%
Year 1974, avg 38900, avg increase 8.74036%, median 35900, median increase 9.47075%
Year 1975, avg 42600, avg increase 8.68545%, median 39300, median increase 8.6514%
Year 1976, avg 48000, avg increase 11.25%, median 44200, median increase 11.086%
Year 1977, avg 54200, avg increase 11.4391%, median 48800, median increase 9.42623%
Year 1978, avg 62500, avg increase 13.28%, median 55700, median increase 12.3878%
Year 1979, avg 71800, avg increase 12.9526%, median 62900, median increase 11.4467%
Year 1980, avg 76400, avg increase 6.02094%, median 64600, median increase 2.63158%
Year 1981, avg 83000, avg increase 7.95181%, median 68900, median increase 6.24093%
Year 1982, avg 83900, avg increase 1.07271%, median 69300, median increase 0.577201%
Year 1983, avg 89800, avg increase 6.57016%, median 75300, median increase 7.96813%
Year 1984, avg 97600, avg increase 7.9918%, median 79900, median increase 5.7572%
Year 1985, avg 100800, avg increase 3.1746%, median 84300, median increase 5.21945%
Year 1986, avg 111900, avg increase 9.91957%, median 92000, median increase 8.36957%
Year 1987, avg 127200, avg increase 12.0283%, median 104500, median increase 11.9617%
Year 1988, avg 138300, avg increase 8.02603%, median 112500, median increase 7.11111%
Year 1989, avg 148800, avg increase 7.05645%, median 120000, median increase 6.25%
Year 1990, avg 149800, avg increase 0.667557%, median 122900, median increase 2.35964%
Year 1991, avg 147200, avg increase -1.7663%, median 120000, median increase -2.41667%
Year 1992, avg 144100, avg increase -2.15128%, median 121500, median increase 1.23457%
Year 1993, avg 147700, avg increase 2.43737%, median 126500, median increase 3.95257%
Year 1994, avg 154500, avg increase 4.40129%, median 130000, median increase 2.69231%
Year 1995, avg 158700, avg increase 2.6465%, median 133900, median increase 2.91262%
Year 1996, avg 166400, avg increase 4.6274%, median 140000, median increase 4.35714%
Year 1997, avg 176200, avg increase 5.56186%, median 146000, median increase 4.10959%
Year 1998, avg 181900, avg increase 3.13359%, median 152500, median increase 4.2623%
Year 1999, avg 195600, avg increase 7.00409%, median 161000, median increase 5.2795%
Year 2000, avg 207000, avg increase 5.50725%, median 169000, median increase 4.73373%
Year 2001, avg 213200, avg increase 2.90807%, median 175200, median increase 3.53881%
Year 2002, avg 228700, avg increase 6.77744%, median 187600, median increase 6.60981%
Year 2003, avg 246300, avg increase 7.14576%, median 195000, median increase 3.79487%
Year 2004, avg 274500, avg increase 10.2732%, median 221000, median increase 11.7647%
Year 2005, avg 297000, avg increase 7.57576%, median 240900, median increase 8.26069%
Year 2006, avg 305900, avg increase 2.90945%, median 246500, median increase 2.27181%
Year 2007, avg 313600, avg increase 2.45536%, median 247900, median increase 0.564744%
Year 2008, avg 292600, avg increase -7.17703%, median 232100, median increase -6.80741%
Year 2009, avg 270900, avg increase -8.01034%, median 216700, median increase -7.1066%
  

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