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House Cost In The 80S


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House Cost In The 80S. However, real house prices (inflation adjusted) declined 13% from peak to trough, and it took over 7 years to return to the previous real peak. One of the biggest surges in home prices occurred in the 1980s, in terms of the numbers at the start of the decade compared to the numbers in the transition to the ’90s.

What homes looked like in the decade you were born
What homes looked like in the decade you were born from www.loveproperty.com

By 1989 the median new house price was $120,000; In 1980 the average new house sold for $64,600. Can you believe the average cost of a house in 1980 was $76,375?

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What homes looked like in the decade you were born

Today’s home market echoes the 1980s for many — fueled by the pandemic recovery efforts, 2024 buyers are grappling with surging home prices and the highest interest rates in over two decades. This rate of change indicates significant inflation. It's crazy to think about how much things have changed, especially the price of buying a house! Over the course of 10.

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