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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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Washington, D.C.
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If only this power city could apply some savvy politicking to help its housing market bounce back. Porter says signs such as a decrease in listings show that the market may be stabilizing. Ingo Winzer notes that single-family and multifamily construction has declined 29 percent in the past six months. It's another city that the Housing Cycle Barometer identifies as facing a potential housing bubble.
4th quarter 2006: $421,600
Median price 4th qtr 2005: $432,900
% change: -2.6%
Projected avg price end of 2007: $440,000
Current avg 30-year fixed rate: 5.83%
Current avg 5/1 ARM rate 5.63%
*Affordability rating: 8.5
Foreclosures in Jan. 2006:
(1 for every 2,912 households)
517
Foreclosures in Jan. 2007:
(1 for every 1,887 households)
798
Change in foreclosures: +54.35%
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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 $432,900
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 falls 2.6% to $421,600
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 4.08%
15 yr fixed mtg 3.17%
5/1 ARM 3.30%
Rates may include points
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