The cost of American homes has skyrocketed over the years due to inflation, and you may be amazed at just how much the market has changed over the past 80 years. See the major ups and downs of the market by looking at the average cost of homes going all the way back to 1940. Prices have fluctuated over time and the historical Census and Federal Reserve Economic Data (FRED) have meticulously documented the ebb and flow of the housing market. Read on to see the average cost of homes in the decade you were born — and then stay tuned for more like this. In 1940, without adjusting for inflation, the average cost of a home in the United…
