This is a fun slideshow that compares an event to the home prices! I selected a few to share but click the link above to view them all.
1963: PRESIDENT KENNEDY IS ASSASSINATED
1963 went down in history for all the wrong reasons, at least in the US. Buying a new home that year would have cost you around $19,300 (equivalent to $151,780 today).
1975: MICROSOFT IS FOUNDED
In the year Bill Gates and Paul Allen joined forces to create Microsoft, inflation rates continued to skyrocket. House prices remained steady though, with new-builds costing $42,600 on average (that’s $190,550 to you and me).
1991: WORLD WIDE WEB INTRODUCED
In 1991, Tim Berners-Lee officially introduced the world wide web to the public. If you were buying your first property that same year, you’d have been in luck – the price of a new home fell to $147,200 ($260,080 now) as the economic bubble burst.
2007: GLOBAL FINANCIAL CRISIS BEGINS
By 2007, the price of new homes had risen to an average of $313,600 ($374,340 in current terms). But it wasn’t to last long – the American housing bubble exploded later that year as a global financial crisis began.
2015: POPE FRANCIS VISITS THE US – $360,600
When Pope Francis made his first visit to the US in 2015 new house prices were averaging $360,600.
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