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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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Seattle
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The area has experienced increases in jobs (with a strong ratio of job growth to housing permits) and home prices in the past year, says Chris Porter. But affordability's an issue and John Burns Real Estate Consulting identifies Portland and Seattle as communities facing a potential housing bubble. Local Market Monitor also includes both cities on its list of overpriced markets.
4th quarter 2006: $372,900
Median price 4th qtr 2005: $335,000
% change: 11.3%
Projected avg price end of 2007: N/A
Current avg 30-year fixed rate: 5.79%
Current avg 5/1 ARM rate 5.59%
*Affordability rating: 9.2
Foreclosures in Jan. 2006:
(1 for every 1,832 households)
534
Foreclosures in Jan. 2007:
(1 for every 5,731 households)
138
Change in foreclosures: -67.79%
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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 $335,00
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 rises 11.3% to $372,900
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 3.99%
15 yr fixed mtg 3.06%
5/1 ARM 3.20%
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