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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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San Francisco
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Tony Bennett sings about leaving his heart in San Francisco, but recent buyers may have left their wallets there. The city boasts the second most expensive median single-family home price in the U.S., according to NAR fourth quarter 2006 figures. At $733,400, it only was topped by another California city, San Jose, at $760,000, and followed by yet another California market, Orange County (Anaheim/Santa Ana/Irvine), at $690,700. Ingo Winzer expects prices to be flat or lower in the next few years.
4th quarter 2006: $733,400
Median price 4th qtr 2005: $718,700
% change: +2%
Projected avg price end of 2007: $803,260
Current avg 30-year fixed rate: 5.76%
Current avg 5/1 ARM rate 5.53%
*Affordability rating: 7
Foreclosures in Jan. 2006:
(1 for every 5,395 households)
132
Foreclosures in Jan. 2007:
(1 for every 2,618 households)
272
Change in foreclosures: +106.06%
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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 $718,700
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 2% to $733,400
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 3.96%
15 yr fixed mtg 3.07%
5/1 ARM 3.20%
Rates may include points
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