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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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Cincinnati
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This is another undervalued market -- with Ingo Winzer finding that home prices are 16 percent lower than equilibrium -- and also isn't susceptible to a bubble, according to John Burns Real Estate Consulting. New home construction is declining, by 40 percent in the last six months, as have home prices, at a much lesser extent.
4th quarter 2006: $138,700
Median price 4th qtr 2005: $143,700
% change: -3.5%
Projected avg price end of 2007: $192,580
Current avg 30-year fixed rate: 5.84%
Current avg 5/1 ARM rate 5.67%
*Affordability rating: 0.2
Foreclosures in Jan. 2006:
(1 for every 1,032 households)
807
Foreclosures in Jan. 2007:
(1 for every 670 households)
1,244
Change in foreclosures: +54.15%
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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 $143,700
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 3.5% to $138,700
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 4.22%
15 yr fixed mtg 3.32%
5/1 ARM 3.52%
Rates may include points
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