New Home SalesCENSUS
757K
U.S. Housing Market · 1996
U.S. Housing Market in 1996
Existing SalesNAR
4.20M
Median PriceNAR
$115,800
30Y MortgagePMMS
7.81%
In 1996, the U.S. housing market recorded existing-home sales averaged 4.20 million, new-construction sales of 757K, and a 30-year fixed mortgage rate of 7.81%.
Existing-home sales rose 9.1% from 1995. the median existing-home price rose 4.8% to $115,800. the 30-year fixed mortgage fell 0.12 percentage points to 7.81%.
By the numbers — 1996: new-home sales 757K, existing-home sales 4.20M, median existing price $115,800, 30-year mortgage rate 7.81%.