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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
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Boise, Idaho
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The cold isn't keeping folks away from Boise. The 5.5 percent employment growth is fueled by business and health services, as well as the computer industry, with companies such as Micron Technology. Single-family construction set at a record high in 2005, and investor-driven purchases drove home sales up 26 percent in the past year, landing it on Ingo Winzer's list of overpriced markets.
4th quarter 2006: $179,301
Median price 4th qtr 2005: $165,908
% change: +8.1%
Projected avg price end of 2007: $258,350
Current avg 30-year fixed rate: 5.79%
Current avg 5/1 ARM rate 5.59%
*Affordability rating: 5.2
Foreclosures in Jan. 2006:
(1 for every 909 households)
197
Foreclosures in Jan. 2007:
(1 for every 1,289 households)
139
Change in foreclosures: -29.44%
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Current rate comparison:
» Click here for state vs national rates
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Key market events
 
Key market map
Dec. '05: Median price $210,860
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 rises 11.92% to 236,000
Jan. '07: National median home price: $210,600
-- Posted: March 8, 2007




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Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.20%
15 yr fixed mtg 3.28%
5/1 ARM 3.53%
Rates may include points
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