From the WSJ Real Estate Archives

Luxury-Home Index - October 11, 2004


From The Wall Street Journal Online

Here's the price change in percentage terms for repeat sales of an area's most expensive residences. The figures are in relation to prices in Jan. 2000. For example, a Philadelphia home that cost $1.58 million in October 2003 is now, on average, valued at $1.67 million.

TOWN OCT. 2004 OCT. 2003 CHANGE
New York 148.7 146.5 1.5%
Los Angeles 183.5 159.3 15.2
Chicago 137.8 133.9 2.9
Philadelphia 167.5 158.5 5.7
San Diego 189.5 158.1 19.9
Phoenix 132.9 120.6 10.2
Detroit 121.3 119.0 1.9
San Francisco 126.3 117.5 7.5
Boston 147.0 137.4 7.0
Seattle 119.7 115.8 3.4

Source: First American RES; JAN 2000=100

Conforming Mortgage Rates

Average daily rate for a $165,000 mortgage loan.*

  30-YR FIXED 15-YR FIXED 1-YR ARM
THIS WEEK 5.43% 4.83% 3.27%
LAST WEEK 5.32 4.73 3.20
LAST MONTH 5.43 4.83 3.24
LAST YEAR 5.57 4.88 3.54

Jumbo Mortgage Rates

Average daily rate for a $335,000 mortgage loan.*

  30-YR JUMBO 5/1-YR ARM
THIS WEEK 5.70% 4.53%
LAST WEEK 5.63 4.47
LAST MONTH 5.72 4.60
LAST YEAR 5.90 4.49

*With 20% down payment.

Source: bankrate.com, as of Oct. 6

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