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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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Little Rock, Ark.
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Little Rock, Ark., remains one of the 11 undervalued U.S. markets determined by Local Monitor Market, and it's also on John Burns' list of spots not susceptible to a bubble. Meanwhile, single-family construction reached almost record-high levels in 2005 and 2006.
4th quarter 2006: $125,900
Median price 4th qtr 2005: $125,900
% change: Unchanged
Projected avg price end of 2007: $165,330
Current avg 30-year fixed rate: 5.80%
Current avg 5/1 ARM rate 5.63%
*Affordability rating: 2.7
Foreclosures in Jan. 2006:
(1 for every 483 households)
542
Foreclosures in Jan. 2007:
(1 for every 543 households)
482
Change in foreclosures: -11.07%
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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 $125,900
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 remains at $125,900
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 4.06%
15 yr fixed mtg 3.17%
5/1 ARM 3.52%
Rates may include points
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