🏡 cost in 2021 < 🏚 cost in 2006 - LV

Wow. Thanks for coming to the 2nd post of my, probably very boring, Lehigh Valley Housing Numbers Blog. We are tempted to turn the subject headline into a T-Shirt nobody would wear.

I hope you enjoy a twist of time travel. Snuff baby Thanos out.

In 2006:

The 30 year Fixed Mortgage was about: 6.12%

U.S. Treasuries in January 2006 were at: 4.55% (🤤)

The Median Sales Price of Homes based on the Lehigh Valley Multiple Listing Service:

Lehigh County: 179,900.00

Northampton County: 214,900.00

Sources: Here , here and Photo evidence of MSP at the bottom.

Lehigh County Average Monthly Mortgage Payment: $1207.00

Northampton County Average Monthly Mortgage Payment: $1377.00

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In 2021:

The 30 Year Fixed Mortgage is about: 3.004%**

The U.S. Treasuries are at about as of: 1.48% (😒)

The Median Sales Price based on the LVMS are as of 12/12/2021:

Lehigh County: $242,900.00

Northampton County: $259,900.00

Mortgage Payments in each respective county.

Lehigh County Average Monthly Mortgage Payment: $1153.00

Northampton County Average Monthly Mortgage Payment: $1210.00

Takeaway: Hopefully 🤞, Chicken Tikka Masala. Houses are cheaper in 2021 than 2006 from a monthly payment stand point. I did not adjust the taxes, taxes are higher now, but wages should have somewhat adjusted for that. I'm looking into that in another segment later in 2022.

**Taken from NerdWallet.com which sources its information from Zillow's Mortgage information

All of the information used above is sourced in screen shots below.

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