Throwback Thursday 1988 | Real Estate

First Time Home Buyer Basics: Buying vs. Renting
February 10, 2014
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February 19, 2014

Image courtesy IMDB

It’s a snowy Throwback Thursday! Can you remember what life was like in 1988? President Ronald Reagan was in the last year of his second term as president and Russian President Mikhail Gorbachev planted started the end of Communism with a major Soviet economic restructuring – remember “perestroika”! C. Everett Koop was Surgeon General and he was a frequent presence in the news. One of his reports noted that nicotine addiction was similar to heroin and cocaine.  Michael Dukakis lost the presidential election to President George H. W. Bush, who became the first vice-president elected president in over 150 years. And….Fixed and Adjustable Rate Mortgages looked a lot different back then. See the chart below.

Throwback Thursday: Mortgage Prices in 1988 |


You may have been watching one of these shows – all of them premiered in 1988


Median and Average Sales Prices of New Homes Sold in United States, 1988

Date Median Sales Price Average Sales Price
January $119,000 $144,400
February $110,900 $137,600
March $108,900 $133,200
April $111,000 $135,000
May $110,000 $133,500
June $111,500 $136,500
July $118,000 $141,300
August $110,000 $140,600
September $116,600 $142,700
October $112,900 $137,300
November $110,400 $137,300
December $121,000 $147,700


Did you go to the theater to see one of these top cinema hits (or watch it later on your VCR)?


Image courtesy Red Box


This summer blockbuster made office Christmas parties seem oh so exciting as Bruce Willis’s officer John McClane fought off a crew of baddies (led by Alan Rickman) at his wife’s LA office.

Read more about Die Hard here




Image courtesy IMDB


Summer started off BIG with this Tom Hanks charmer about a little boy whose magical wish to be older comes true.
Read more about Big here




Image courtesy IMDB


This just may be the funniest immigrants tale ever told as the hilarious African prince played by Eddie Murphy searches for his soulmate in…Queens, NY. You can watch it here

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