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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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Denver
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It's a low time for the Mile-High City's housing market. Denver experienced price declines last year, along with a drop in single-family home construction. Population growth is also low. Job growth was impacted by the last recession, losing jobs particularly in the telecom industry, but it's returning with moderate gains of 2 percent, which Ingo Winzer predicts may spur in migration in the next few years.
4th quarter 2006: $245,600
Median price 4th qtr 2005: $247,500
% change: -0.8%
Projected avg price end of 2007: $244,980
Current avg 30-year fixed rate: 5.75%
Current avg 5/1 ARM rate 5.51%
*Affordability rating: 5.6
Foreclosures in Jan. 2006:
(1 for every 331 households)
2,670
Foreclosures in Jan. 2007:
(1 for every 283 households)
3,122
Change in foreclosures: +16.93%
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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 $247,500
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 0.8% to $245,600
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 4.28%
15 yr fixed mtg 3.30%
5/1 ARM 3.30%
Rates may include points
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