New Home SalesCENSUS
819K
U.S. Housing Market · 1977
U.S. Housing Market in 1977
Existing SalesNAR
3.65M
Median PriceNAR
$42,900
30Y MortgagePMMS
8.85%
In 1977, the U.S. housing market recorded existing-home sales averaged 3.65 million, new-construction sales of 819K, and a 30-year fixed mortgage rate of 8.85%.
Existing-home sales rose 19.3% from 1976. the median existing-home price rose 12.6% to $42,900. the 30-year fixed mortgage fell 0.02 percentage points to 8.85%.
By the numbers — 1977: new-home sales 819K, existing-home sales 3.65M, median existing price $42,900, 30-year mortgage rate 8.85%.