According to the United States Census Bureau, the average price of a house in the United States in 1960 was $11,900 in 1960 dollars. When adjusted for inflation, the median price of a house was $58,600 in 2000 dollars.Continue Reading
According to the United States Census Bureau's data, the state with the most expensive median home price in 1960 was Hawaii, with a median house price of $20,900. Other states with high house prices included New Jersey, with an average of $15,600; the District of Columbia, with a median prices of $15,400; New York, with a median price of $15,300; Nevada, with a median price of $15,200; and California, with a median price of $15,100. The states with the least expensive average house prices in 1960 dollars included South Carolina, with a median price of $7,500; West Virginia, with a median price of $7,600; Oklahoma and Mississippi, with average home prices of $7,900; North Carolina, with a median house price of $8,000; and Tennessee, with an average house price of $8,300.
When adjusted for inflation to 2000 dollars, the United States Census Bureau's data shows the average house price ranged from $37,000 for South Carolina to $103,000 for Hawaii. Between 1960 to 2000, Hawaii maintained the highest average house prices. The state with the lowest home prices varied by the decade.Learn more about Real Estate
In real estate, short selling a home, also called a short sale, refers to the homeowner's action of selling his or her house for a price lower than the mortgage to avoid foreclosure, state government officials at Freddie Mac. Homeowners resort to short sales in times of financial difficulty, such as when they cannot afford to pay mortgages and must leave the premises. Short selling the home proves a better financial option for many, say experts at Freddie Mac, as doing so does less harm to people's credit score than having a foreclosure.Full Answer >
Find a home's sale price by searching public records at the county offices where the home is located or by searching websites that aggregate public-record information. When the sale price is unknown, the amount can be estimated using tax information.Full Answer >
According to Credit.com, the down payment on a house is calculated as a percentage of the total cost of the home the buyer is considering. A down payment of anywhere from 3 to 20 percent of the total amount is typical.Full Answer >
When deciding between renting a home and an apartment, take into account location, amenities and the cost of utilities. Also consider whether the house or apartment includes a rent-to-buy option and whether it can be modified.Full Answer >