Housing in the ‘90s vs. Today. What’s Changed?

If you grew up in the ‘90s, you…

Listened to your favorite band on a Sony Walkman.
Tied up the phone lines with dial-up internet.
Scrambled all over town for the latest Beanie Baby drop.
Forgot to feed your Tamagotchi…again.

Feeling nostalgic yet? 

‘90s home trends are making a comeback 

We’re starting to see some ‘90s trends resurfacing, not only in fashion, but in our homes. Think white kitchens, blonde wood flooring, brass hardware, and pastels. Even canopy beds are coming back to make a statement. 

Our sentimental side is thrilled to see these trends coming back, but there’s one thing (besides overplucked eyebrows) that we’d like to leave in the past. It’s time to say goodbye to high real estate commissions. Especially when you factor in the fact that housing prices have increased exponentially.

So much has progressed since the ‘90s. So, why hasn’t real estate? 

Currently, 61% of renters in the U.S. can’t afford to buy a home in the city they live in and inflation has hit a 40-year record. We researched median home sale price data at the onset of the ‘90s through 2022.  

1990-2000 data pulled from US Census data except commission rates (6.00%), which are used as a baseline rate for comparison.

Kinda shocking, right? Home’s are getting more expensive while many are still paying high percentage based commissions. The bottom line is that homeownership is increasingly unaffordable and unattainable for people today.

At Homie, we’re here to shake up real estate to make homeownership easy, affordable, and accessible for all. We are an alternative to the traditional real estate industry. Right off the bat, we drastically reduced high fees and commissions. That was so old school. 

Savings calculations based on difference between 3% listing agent commission and Homie’s listing fee. Savings, commission rates, and timing may vary.