Modern Real Estate history

The National Association of Real Estate Boards adopted the term Realtor in 1916.

In the last great debt bubble in the United States that peaked in 1929, the average household could not afford a house and had to put down 50% and get a 5-year balloon mortgage.

The Great Depression led to the New Deal in 1938 and the development of the Federal National Mortgage Association, which became known as Fannie Mae.

Between 1949 and the turn of the twenty-first century, mortgage debt relative to total income of the average household rose from 20% to 73%, and from 15% to 41% relative to total household assets.

By 1950, for the first time in American history, more than half of all Americans owned their homes.

14, 1960, President Dwight D. Eisenhower signed legislation that combined the best attributes of real estate and stock-based investment to create a new way of producing income.

In 1970, the Federal Home Loan Mortgage Composition, or Freddie Mac, was established.

According to the United States Census Bureau, the median size for a new home built in 1973 was 1525 square feet.

The Japanese market went back just below where its bubble started in 1986.

My first house (purchased in 1993) had 1383 square feet.

In 1994, it became possible for the first time to view listings on the internet.

In the year 2000, IDX feeds, or International Data Exchange began to be used in real estate websites.

Google Maps was introduced to the internet in 2005, which is a huge part of internet real estate today.

In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt.

Unfortunately, just a couple of short years later in 2007, a downfall happened where a large financial crisis hit the United States when its housing bubble burst.

In 2016, the average household had 2.5 people.

As of December 2017, home prices were at about 170 on the Shiller scale.

The current United States homeownership rate as of January 2018 is 64.2%.

Modern houses are highly in-demand in 2019's real estate market, but there are always new houses being built in the modern (or mid-century modern) style, so for the foreseeable future there will certainly be modern houses on the market.