New Home SalesCENSUS
534K
U.S. Housing Market · 1990 · NBER recession
U.S. Housing Market in 1990
recession
Existing SalesNAR
3.21M
Median PriceNAR
$92,000
30Y MortgagePMMS
10.13%
In 1990, the U.S. housing market recorded existing-home sales averaged 3.21 million, new-construction sales of 534K, and a 30-year fixed mortgage rate of 10.13%.
Existing-home sales fell 3.9% from 1989. the median existing-home price fell 1.2% to $92,000. the 30-year fixed mortgage fell 0.19 percentage points to 10.13%. The NBER classified at least part of the year as a U.S. recession.
By the numbers — 1990: new-home sales 534K, existing-home sales 3.21M, median existing price $92,000, 30-year mortgage rate 10.13%.