{"id":12172,"date":"2017-08-21T11:30:38","date_gmt":"2017-08-21T16:30:38","guid":{"rendered":"https:\/\/therealdaily.com\/?p=12172"},"modified":"2017-08-21T11:33:28","modified_gmt":"2017-08-21T16:33:28","slug":"eclipse-home-prices","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/real-estate-brokers\/eclipse-home-prices\/","title":{"rendered":"Bast from the past: a comparison of housing from the last solar eclipse"},"content":{"rendered":"<h2>Eclipse to eclipse<\/h2>\n<p>The National Association of Realtors looked at the difference in home prices between 1979 (the last solar eclipse) and today\u2019s home prices. The difference? About a five-fold increase.<\/p>\n<div align=\"center\"><strong>Read also: <a href=\"https:\/\/therealdaily.com\/big-data\/home-prices-rise-affordability-declines-sales-slide-now\/\">Home prices rise, affordability declines as sales slide \u2013 what now?<\/a><\/strong><\/div>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-91813\" src=\"https:\/\/theamericangenius.com\/wp-content\/uploads\/2017\/02\/bar.jpg\" alt=\"bar\" width=\"100\" height=\"19\" \/><br \/>\nThe 1979 median home price was just north of $55,700. Today\u2019s average home price is $255,600.<\/p>\n<h2>The path of totality<\/h2>\n<p>The NAR also looked at average home prices in major metro markets along the \u201cpath of totality.\u201d The most expensive real estate market in this pathway is Salem, OR. In Salem, the average home price is over $261,000.<\/p>\n<blockquote><p>It is the only market listed whose average beats the national number.<\/p><\/blockquote>\n<p>Other expensive markets include Nashville, TN ($248k) and Boise City, ID (227K). Columbia, SC holds the honor of cheapest real estate market, with a median home price of over $165k. It also holds the distinction of being the last major real estate market in the pathway.<\/p>\n<p>The path of totality is notable because it represents the 70-mile-wide stretch of land running coast to coast where someone can view a total eclipse (vs the partial one that many people can see. This pathway of visibility is determined by the orbital alignment of Earth, the moon and the sun, as well as the Earth\u2019s axis.<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-12173\" src=\"https:\/\/theamericangenius.com\/wp-content\/uploads\/2017\/08\/SolarEclipse-facebook.jpg\" alt=\"\" width=\"1201\" height=\"631\" srcset=\"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/08\/SolarEclipse-facebook.jpg 1201w, https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/08\/SolarEclipse-facebook-300x158.jpg 300w, https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/08\/SolarEclipse-facebook-768x404.jpg 768w, https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/08\/SolarEclipse-facebook-1024x538.jpg 1024w\" sizes=\"(max-width: 1201px) 100vw, 1201px\" \/><\/p>\n<h2><\/h2>\n<h2>From then to now<\/h2>\n<p>Here are some other real estate difference from the 1970\u2019s until now:<\/p>\n<ul>\n<li>In 1970s, the average home size was <a href=\"http:\/\/Home prices rise, affordability declines as sales slide \u2013 what now?\" target=\"_blank\" rel=\"nofollow noopener\">1,500 square feet<\/a>. In 2016, average home size was <a href=\"http:\/\/eyeonhousing.org\/2017\/02\/new-single-family-home-size-trends\/\" target=\"_blank\" rel=\"nofollow noopener\">over 2,600 square feet<\/a>.<\/li>\n<li>A 30-year fixed mortgage rate was 7.44 percent. Last month, that same rate was 3.97 percent. <a href=\"http:\/\/eyeonhousing.org\/2017\/02\/new-single-family-home-size-trends\/\" target=\"_blank\" rel=\"nofollow noopener\">Interest rates<\/a> peaked in October, 1981 at 18.75 percent<\/li>\n<li>According to real estate agent <a href=\"http:\/\/eyeonhousing.org\/2017\/02\/new-single-family-home-size-trends\/\" target=\"_blank\" rel=\"nofollow noopener\">Elizabeth Weintraub<\/a>, in the 1970\u2019s, \u201cmy buyers never signed a purchase contract. Buyers were not involved. They signed an assignment of contract from me. I wrote all of the purchase contracts in my name or assignee. I decided the best way to purchase the property and when the offer was accepted by the seller, I presented it for consideration to the investor.<\/li>\n<\/ul>\n<h3>#EclipsingHomePrices<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>(BROKERAGE NEWS) The solar eclipse is this weeks hot topic so we&#8217;re taking a look at how home prices have changed since the last eclipse in 1979.<\/p>\n","protected":false},"author":337672,"featured_media":11427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[94],"tags":[1659,327,1457,1234],"class_list":["post-12172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-brokers","tag-1659","tag-housing","tag-market","tag-real-estate-news"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/05\/house.png","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337672"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=12172"}],"version-history":[{"count":3,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12172\/revisions"}],"predecessor-version":[{"id":12176,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12172\/revisions\/12176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/11427"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=12172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=12172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=12172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}