Increase In Housing Quality And Its Effect On Home Values: 1940-2010 [chart]

By Catherine Mulbrandon VisualizingEconomics.comOur homes have changed in many ways over the last 70 years, including homes size, building technology, family size and a rise in standard of living. As people's income increased over the 20th century, they bought bigger and better homes. This caused the median home value to go up even when taking into account the effect of inflation.

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