Ten years later, the average home price was $21,462.06, while the average rent for the year was $1,195.14. This means that in ten years, the average price of a home increased by $7,017.20 (or 48.6%) and the average yearly rent increased by $385.59 (or 47.6%).
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PR Newswire. PR Newswire is a distributor of press releases based in New York City. The service was created in 1954 to allow companies to electronically send press releases to news organizations, at first using teleprinters. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years.