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There appears to be an increase in housing expenses over time. Is that rise due to inflation alone? Consider In 1990 the annual CPI value
There appears to be an increase in housing expenses over time. Is that rise due to inflation alone? Consider In 1990 the annual CPI value was 130.7, the Average Sale-Price of houses sold was $149,075, with the median household income of $61,500 Address each of the following: What was the average sale-price of houses sold for the year in question? What would be a comparable sale-price of houses sold in 2022, when that year is adjusted for inflation? Show your work in support of this answer. Compare the two amounts; is the general rising of housing prices increasing based upon inflation alone? Explain
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