New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

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
Arrow
Philadelphia
Icon Icon Icon Icon
The City of Brotherly Love isn't getting any love because of several factors, including low population growth and high numbers of younger workers leaving the area. Home prices were flat for a decade before a recent surge. New home construction is low compared to the existing homes, less than 1 percent annually, Ingo Winzer notes.
4th quarter 2006: $222,300
Median price 4th qtr 2005: $215,100
% change: +3.3%
Projected avg price end of 2007: $277,590
Current avg 30-year fixed rate: 5.82%
Current avg 5/1 ARM rate 5.61%
*Affordability rating: 5.1
Foreclosures in Jan. 2006:
(1 for every 758 households)
2,065
Foreclosures in Jan. 2007:
(1 for every 898 households)
1,744
Change in foreclosures: -15.54%
Arrow
Current rate comparison:
» Click here for state vs national rates
Arrow
Key market events
 
Key market map
Dec. '05: Median price $215,100
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 rises 3.3% to $222,300
Jan. '07: National median home price: $210,600
-- Posted: March 8, 2007


TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.21%
15 yr fixed mtg 3.27%
5/1 ARM 3.51%
Rates may include points
- advertisement -
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.