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    Housing For 3B

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    kettle1
    This document shows a chart comparing the average interest rate and median home prices in the Northeast region of the US from 1963 to 2020. As interest rates decreased from the early 1980s onwards, median home prices in the Northeast generally increased. The lowest interest rates below 5% in the late 1990s and 2000s correspond with peak home prices above $300,000. Since the 2008 recession, interest rates have remained low below 5% while median home prices have rebounded but not reached the same highs.

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    Housing For 3B

    Uploaded by

    kettle1
    91 views1 page
    This document shows a chart comparing the average interest rate and median home prices in the Northeast region of the US from 1963 to 2020. As interest rates decreased from the early 1980s onwards, median home prices in the Northeast generally increased. The lowest interest rates below 5% in the late 1990s and 2000s correspond with peak home prices above $300,000. Since the 2008 recession, interest rates have remained low below 5% while median home prices have rebounded but not reached the same highs.

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    housing for 3B

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    This document shows a chart comparing the average interest rate and median home prices in the Northeast region of the US from 1963 to 2020. As interest rates decreased from the early 1980s onwards, median home prices in the Northeast generally increased. The lowest interest rates below 5% in the late 1990s and 2000s correspond with peak home prices above $300,000. Since the 2008 recession, interest rates have remained low below 5% while median home prices have rebounded but not reached the same highs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    91 views1 page

    Housing For 3B

    Uploaded by

    kettle1
    This document shows a chart comparing the average interest rate and median home prices in the Northeast region of the US from 1963 to 2020. As interest rates decreased from the early 1980s onwards, median home prices in the Northeast generally increased. The lowest interest rates below 5% in the late 1990s and 2000s correspond with peak home prices above $300,000. Since the 2008 recession, interest rates have remained low below 5% while median home prices have rebounded but not reached the same highs.

    Copyright:

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    Download as PDF or read online from Scribd
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    of 1

    Interest rate VS Northeast Median Hom e Price

    18% $400,000
    16% $350,000
    14%
    $300,000
    12%
    $250,000
    10%
    $200,000
    8%
    6% $150,000

    4% $100,000

    Source: Freddie Mac and US Census Average Interest rate Median Home Sales Price

    Note: Average interest rate sourced from historical Fannie Mae data
    Note: all values in 2009 inflation adjusted $

    12.0% $40,000

    10.0% $35,000
    $30,000
    8.0%
    $25,000
    6.0% $20,000

    4.0% $15,000
    $10,000
    2.0% $5,000
    0.0% $0
    63
    65
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    07
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    10-Year Treasury Constant Maturity Rate (%) US Median Home Price (Note 1)
    Northeast Median Home Price (Note 1) Consumer Det per Household (09 $)

    Note 1: US and Northeast median Home Sales price is in 2009 inflation adjusted $
    Note 2 : Consumer Debt Per Household is in 2009 inflation adjusted $
    Note 3: US and Northeast median home sales price has been scaled. Charted value = inflation adjusted
    median home sales price / 10

    Inflation _ Adjusted _ Median _ Home _ Sales _ Pr ice


    Charted _ Value =
    10

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