Median Home Price, over time
Median Home PriceDemocratic administrationRepublican administration
What was happening
1Subprime mortgage crisis spreadsAug 2007
Losses on subprime mortgages begin to freeze credit markets as the housing downturn deepens. Source: Federal Reserve History ↗
2Great RecessionDec 2007–Jun 2009
An 18-month recession by NBER dates, the longest since World War II, following the collapse of the housing market and a financial crisis. Source: National Bureau of Economic Research ↗
3Lehman Brothers collapsesSep 15, 2008
The largest bankruptcy in U.S. history marks the most acute phase of the financial crisis. Source: Federal Reserve History ↗
4Fed begins raising ratesMar 16, 2022
The first of 11 rate increases through July 2023, aimed at inflation, which peaks at 9.1% in June 2022. Source: Federal Reserve Board ↗
U.S. Census Bureau · New Residential Sales: median sales price of new houses sold · Monthly · Original source