San Diego Map on Homeowners fared extremely well in that decade. The value of their homes increased faster than inflation, and the average home that sold for $25,000 in 1970 was selling for $68,000 or more in 1979. The inventory of occupied housing (single family, condominiums, co-ops, and apartments) rose to 88 million units, and Americans continued to be better housed than citizens of any other nation The soaring equity values of older homes became a powerful aid to new home buying in the 1970s. The Fed’s influence. Of all the forces at work on housing and builders during the decade, the most powerful were the monetary policies of the federal government. Dr. Arthur Burns, chairman of the Federal Reserve System for many years, was the prime villain to most building industrialists. San Diego Map 2016.
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