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Home pricesMarketplace
•80% Informative
The median price of a new home in 1984 was $ 79,900 in the fourth quarter of 1984 .
Since then, consumer prices overall have risen 203% , according to the Bureau of Labor Statistics .
This is not the first time America has dealt with rapid, destabilizing price increases, an economic historian says.
In Europe in the 16th century , there was long-term inflation, partly due to population increase, part of it the influx of silver and gold from the New World .
When grain harvests in Western Europe repeatedly failed, “you actually get religious and political rebellion as a result of a disastrous bout of inflation” People stopped buying meat and new clothes, professor of economic history says.
VR Score
83
Informative language
80
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64
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English
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40
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Attention-grabbing headline
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short-lived
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11
Source diversity
6
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