Birdwatch Note Rating
2022-01-24 04:45:27 UTC - HELPFUL
Rated by Participant: 3E39083BA63D13FC352D4F7E48C35CDF4647133D1679217FE64683DCC7D48A4B
Participant Details
Original Note:
The average sales price of a house in the U.S. has increased from 2012 to 2022, but only by 75%, and not 267% like the graphic suggests. https://fred.stlouisfed.org/series/ASPUS Also to note, 2012 was the very bottom of the 2008 Financial Crisis for real estate, meaning property was historically cheap to buy. https://business.time.com/2012/05/15/report-housing-market-recovery-has-officially-begun/ https://www.forbes.com/sites/morganbrennan/2012/05/09/home-prices-stabilizing-signifying-a-housing-market-bottom/
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