How Much Have Housing Prices Gone Up in 30 Years? Hint: Less Than a Big Mac

Realtor.com – Yuqing Pan
These days it seems like you can save and save—and still never build up enough cash to buy the perfect home. Why? Because the houses just keep getting more and more expensive, cost increases that seem proportionately higher and faster than, well,anything. Or so it seems. Read more.

  • In 2014 the median sale price of an existing single-family home was $207,000, according to the National Association of Realtors®—that’s almost 2.6 times as much as 30 years ago.
  • Due to the climbing prices of beef and bread, the Big Mac experienced a drastic price surge—from $1.60 to $4.62 in 30 years, according to The Economist’s Big Mac index.
  • The American college tuition grew five times. In the 2013–14 school year, the average undergraduate tuition in all institutions (including four-year public and private schools) was $14,600, according to the National Center for Education Statistics.
  • RadioShack – the iconic electronics retailer filed for bankruptcy in February this year. In November 1999, its stock price was flying high at $76.63; now it’s $0.02, according toYahoo Finance.
  • In 1986, when people drove into a Shell station, a gallon of gas would cost $1.12. Thirty years later, the price has tripled to $3.37.
  • The first handheld mobile device was released by Motorola in 1984. Though it was by no means “mobile”, as it weighed 28 ounces, its market price was a whopping $3,995
Advertisements