New Home SalesCENSUS
412K
U.S. Housing Market · 1982 · NBER recession
U.S. Housing Market in 1982
recession
Existing SalesNAR
1.99M
Median PriceNAR
$67,800
30Y MortgagePMMS
16.04%
In 1982, the U.S. housing market recorded existing-home sales averaged 1.99 million, new-construction sales of 412K, and a 30-year fixed mortgage rate of 16.04%.
Existing-home sales fell 17.8% from 1981. the median existing-home price rose 2.1% to $67,800. the 30-year fixed mortgage fell 0.59 percentage points to 16.04%. The NBER classified at least part of the year as a U.S. recession.
By the numbers — 1982: new-home sales 412K, existing-home sales 1.99M, median existing price $67,800, 30-year mortgage rate 16.04%.