New Home SalesCENSUS
549K
U.S. Housing Market · 1975 · NBER recession
U.S. Housing Market in 1975
recession
Existing SalesNAR
2.48M
Median PriceNAR
$35,300
30Y MortgagePMMS
9.05%
In 1975, the U.S. housing market recorded existing-home sales averaged 2.48 million, new-construction sales of 549K, and a 30-year fixed mortgage rate of 9.05%.
Existing-home sales rose 9.3% from 1974. the median existing-home price rose 10.3% to $35,300. the 30-year fixed mortgage fell 0.14 percentage points to 9.05%. The NBER classified at least part of the year as a U.S. recession.
By the numbers — 1975: new-home sales 549K, existing-home sales 2.48M, median existing price $35,300, 30-year mortgage rate 9.05%.