New Home SalesCENSUS
709K
U.S. Housing Market · 1979
U.S. Housing Market in 1979
Existing SalesNAR
3.83M
Median PriceNAR
$55,700
30Y MortgagePMMS
11.20%
In 1979, the U.S. housing market recorded existing-home sales averaged 3.83 million, new-construction sales of 709K, and a 30-year fixed mortgage rate of 11.20%.
Existing-home sales fell 4.0% from 1978. the median existing-home price rose 14.4% to $55,700. the 30-year fixed mortgage rose 1.56 percentage points to 11.20%.
By the numbers — 1979: new-home sales 709K, existing-home sales 3.83M, median existing price $55,700, 30-year mortgage rate 11.20%.