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Housing prices here gone Up steeply since the mid-60's for two basic reasons. First, the shortage of new savings made it difficult to finance private housing, and the number of new housing units built each year was far below that what it should have been. Since there is a steady growth in population, this puts pressure on our housing reserves and prices rise.
Second, there have been inflationary increases in the labor and materials costs that go into building a house. In most urban areas, land values continue to go up each year, too. Historically, real estate values have always
81.7%