Bangor, Maine

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Real Estate Guide 2007

Analysis by region

National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.


City overview	Select an area:

Bangor, Maine

This New England town, with more than 144,000 residents, isn't facing a potential housing bubble according to John Burns Real Estate Consulting. It also holds another distinction worth noting among all 30 markets we're spotlighting, with the least amount of foreclosures - actually, only two - reported in January 2006 and January 2007.

4th quarter 2006:	$121,579
Median price 4th qtr 2005:	$128,812
% change:	-1.7%
Projected avg price end of 2007:	N/A
Current avg 30-year fixed rate:	5.80%
Current avg 5/1 ARM rate	5.60%
*Affordability rating:	3.1
Foreclosures in Jan. 2006: (1 for every 66,847 households)	1
Foreclosures in Jan. 2007: (1 for every 66,847 households)	1
Change in foreclosures:	0%

Current rate comparison:

» Click here for state vs national rates

Key market events

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	Dec. '05: Median price $143,500
	Jan. '06: 30-yr fixed rate at year's low 6.10%
	June '06: National median home price $227,100
	June '06: Fed makes last of 17 rate hikes
	July '06: 30-yr fixed rate at year's high 6.80%
	Dec. '06: Median price falls 4.02% to $137,725
	Jan. '07: National median home price: $210,600