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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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Boston
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Prices in Boston appear to be starting to correct themselves, says Ingo Winzer. There's a large student population, and families have moved away because of the high cost of housing. The city also pops up on his list of overpriced markets.
4th quarter 2006: $388,000
Median price 4th qtr 2005: $397,500
% change: -2.4%
Projected avg price end of 2007: $379,940
Current avg 30-year fixed rate: 5.80%
Current avg 5/1 ARM rate 5.54%
*Affordability rating: 6.4
Foreclosures in Jan. 2006:
(1 for every 11,761 households)
62
Foreclosures in Jan. 2007:
(1 for every 1,016 households)
718
Change in foreclosures: +1058.06%
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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 $397,500
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 2.4% to $388,000
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 4.25%
15 yr fixed mtg 3.21%
5/1 ARM 3.56%
Rates may include points
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