THE BASIS POINT

What’s the most popular home price bracket?

Some quick thoughts on this chart from the St. Louis Fed:

– Homes in the $200 to $300,000 range are the most popular among Americans

– That trend remained true even throughout the 2012 housing bottom

– Even during the housing bubble of the early 2000s, people weren’t buying extravagantly expensive homes—most purchases were $300k and below.

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Reference:

New Houses Sold by Sales Price in the United States (St. Louis Fed)