Friday Quiz: Median Price of an American House (March 17, 2006)
Q. What was the median price of an American house in 1996, and in 2005?
A. The median price of an American house in 1996 was $140,000. In 2005, it was $234,000.
Q. If housing had only risen with inflation (26% total since 1996), what would the median house price have been in 2005?
A. The median house price would be only $176,000.
Q. Inflation has risen a total of 26% since 1996; by what percentage has housing risen?
A. The median house price has risen by 67% since 1996.
inflation data: www.bls.gov
median house prices: economagic.com
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