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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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Bangor, Maine
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This New England town, with more than 144,000 residents, isn't facing a potential housing bubble according to John Burns Real Estate Consulting. It also holds another distinction worth noting among all 30 markets we're spotlighting, with the least amount of foreclosures - actually, only two - reported in January 2006 and January 2007.
4th quarter 2006: $121,579
Median price 4th qtr 2005: $128,812
% change: -1.7%
Projected avg price end of 2007: N/A
Current avg 30-year fixed rate: 5.80%
Current avg 5/1 ARM rate 5.60%
*Affordability rating: 3.1
Foreclosures in Jan. 2006:
(1 for every 66,847 households)
1
Foreclosures in Jan. 2007:
(1 for every 66,847 households)
1
Change in foreclosures: 0%
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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 $143,500
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 4.02% to $137,725
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 4.19%
15 yr fixed mtg 3.27%
5/1 ARM 3.36%
Rates may include points
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