They say home is where the heart is. Hearts must be expensive!

Answer: 

$111,600 - a 39% increase!

(from $286,800 in April 2020 to 398,400 in February 2025)

Questions:

1. Why do you think home prices have gone up so much in the last five years?
2. What challenges might someone face when trying to buy a home today compared to five or ten years ago?
3. If buying a home is getting harder, how might that change what adulthood or success looks like for your generation?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (YCharts): 

US Existing Home Median Sales Price is at a current level of 398400.0, up from 393400.0 last month and up from 383800.0 one year ago. This is a change of 1.27% from last month and 3.80% from one year ago.

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.