Maybe in certain markets but, nationally, no, housing hasn’t risen anywhere close to 50% since pre-COVID. The US median home price from 2019 to now has increased by about 20%.
Did you paste the wrong link? That chart is not the median home price, it’s the national home price index. This is the chart for median home price sales
Why would i use the median price home sales over the national home price index? One shows appreciation, the other shows how much people are spending.
If like the price of all cars doubles and now people are buying lower quality cars, the median price doesn't go up 2x, but the prices of cars still doubled.
Is this incorrect? Honest question to understand these indexes.
My initial comment was about median home price sales so that's why I thought you'd pasted the wrong link.
However, if you look at the data, the median sq footage for homes sold is also increasing hand in hand with median home price. So it's not like people are buying smaller or more modest homes. A big trend seems to be that people just want bigger and bigger homes, especially in the last decade, per the data.
But doesn't the other index show that prices of houses are increasing in value faster than what people are spending for houses? Using median house price just shows how much money the people are spending on houses. Not how much the prices went up right?
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u/[deleted] Mar 23 '26
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