1971 vs. 2025: Why Mortgage Rates Look the Same But Housing Affordability Doesn't

Mortgage rates in 2025 are are eerily similar to 1971. But while interest rates may look the same, housing affordability has drastically changed. In 1971, the typical home sold for just $25,225 (about $195,000 in today's dollars). Fast forward to 2024, and the median home price has skyrocketed to $418,950, leaving many wondering: Is homeownership still possible?

In this episode, Kathy Fettke unpacks the factors driving today's housing affordability crisis, from skyrocketing mortgage payments and rising property taxes to the lock-in effect that's keeping inventory tight.

(00:00) 1971 vs 2025 (00:40) Mortgage Rates Through the Years (02:02) Historical Housing Costs (02:54) Maintenance Costs (03:08) The Lock In Effect (03:54) Advice for Homebuyers and Investors

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