National Real Estate Statistics

2006 Median Home Price: $223,700
2007 Median Home Price: $227,500
1-yr Change: +1.7%

Home Price Index 1-yr Change: +0.1%
Best Qtr: 4 (+0.22% from Q3)
Worst Qtr: 2 (-0.22% from Q1)

Sources: Fiserv Lending Solutions and Moody’s Economy.com. Median home prices are for existing homes

National Housing Starts

2006 Total: 1.815 million
2007 Total: 1.576 million
1-yr Change: -13.2%
2007 Best Qtr: 4 (1.635 m)
2007 Worst Qtr: 1 (1.520 m)

Source: National Association of Home Builders. Quarterly figures are seasonally adjusted annual rates.

National Mortgage Rates

30-year Fixed Rate Mortgage
Current Average: 6%
2007
Q1: 6.4%
Q2: 6.5%
Q3: 6.6%
Q4: 6.6%

1-year Adjustable Rate Mortgage
Current Average: 5.8%
2007
Q1: 5.7%
Q2: 5.7%
Q3: 5.8%
Q4: 5.8%

Source: Mortgage Bankers Assn.

National Mortgage Originations

2006 Total 1-to-4 family: $2.449 trillion
2007 Total 1-to-4 family: $2.094 trillion
1-yr Change: -14.5%

2006 ARM Share: 23%
2007 ARM Share: 18%