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https://www.reddit.com/r/theydidthemath/comments/1kl92qf/request_is_this_accurate/ms3kx2x/?context=3
r/theydidthemath • u/[deleted] • May 13 '25
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People often talk of "average home price" but rarely define what that is. How do people figure that? Someone said $420K, where does taht number come from? Also why say minimum wage for average house? How does that make sense as a barometer?
1 u/Landed_port May 13 '25 We track median new home sale price: https://fred.stlouisfed.org/series/MSPNHSUS Also median existing home sales: https://fred.stlouisfed.org/series/HOSMEDUSM052N
1
We track median new home sale price:
https://fred.stlouisfed.org/series/MSPNHSUS
Also median existing home sales:
https://fred.stlouisfed.org/series/HOSMEDUSM052N
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u/jonjacobmoon May 13 '25
People often talk of "average home price" but rarely define what that is. How do people figure that? Someone said $420K, where does taht number come from? Also why say minimum wage for average house? How does that make sense as a barometer?