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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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Atlanta, GA
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Georgia's on the mind of many, evidenced in Atlanta's strong population, which grew to an estimated 4 million residents last year. Single-family construction hit a record in 2005 and remains high, according to Ingo Winzer, president of Local Market Monitor. It joins other Southern markets on John Burns' Housing Cycle Barometer's list of metro areas with the most affordable housing.
4th quarter 2006: $166,800
Median price 4th qtr 2005: $170,200
% change: -2%
Projected avg price end of 2007: $220,390
Current avg 30-year fixed rate: 5.75%
Current avg 5/1 ARM rate 5.54%
*Affordability rating: 4.1
Foreclosures in Jan. 2006:
(1 for every 237 households)
6,107
Foreclosures in Jan. 2007:
(1 for every 214 households)
6,791
Change in foreclosures: +11.20%
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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 $170,200
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% to $166,800
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 4.27%
15 yr fixed mtg 3.27%
5/1 ARM 3.35%
Rates may include points
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