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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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Kansas City, Mo.
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A housing bubble isn't likely in Kansas City, Mo., which lands on John Burns' list of markets not susceptible to the bubble. Its 5.7 percent population growth mirrors the national average while near record-high single-family construction in 2005 dropped by 25 percent last year, Ingo Winzer says.
4th quarter 2006: $153,100
Median price 4th qtr 2005: $156,500
% change: -2.2%
Projected avg price end of 2007: $183,000
Current avg 30-year fixed rate: 5.80%
Current avg 5/1 ARM rate 5.65%
*Affordability rating: 5
Foreclosures in Jan. 2006:
(1 for every 1,495 households)
526
Foreclosures in Jan. 2007:
(1 for every 843 households)
933
Change in foreclosures: +77.38%
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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 $118,400 MISSING
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 11.3% to $131,800
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 4.28%
15 yr fixed mtg 3.24%
5/1 ARM 3.41%
Rates may include points
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