From the WSJ Real Estate Archives

Starter-Home Index - November 15, 2004


From The Wall Street Journal Online

Here's the average sale price to date in neighborhoods, listed east to west, with high concentrations of young upwardly mobile professionals and executives. The figures are based on average sales of homes in selected ZIP Codes with a median income of $40,000.

Town/Zip Code Jan.-Nov. 2004 Jan.-Nov. 2003 Change
Danvers, Mass. (01923) $357,831 $339,668 5.3%
New York (10128) 820,449 493,789 66.2
Philadelphia (19106) 391,665 329,090 19.0
Alexandria, Va. (22301) 485,972 375,749 29.3
Raleigh, N.C. (27613) 234,979 224,759 4.5
Decatur, Ga. (30033) 248,420 246,269 0.9
Tampa, Fla. (33647) 230,387 234,179 -1.6
Phoenix (85044) 226,080 207,843 8.8
San Bruno, Calif. (94066) 474,328 446,352 6.3
Kirkland, Wash. (98033) 479,674 405,159 18.4

Source: First American RES

Conforming Mortgage Rates

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

  30-Year Fixed 15-Year Fixed 1-Year ARM
THIS WEEK 5.35% 4.78% 3.32%
LAST WEEK 5.31 4.71 3.22
LAST MONTH 5.34 4.74 3.23
LAST YEAR 5.67 5.00 3.44

Jumbo Mortgage Rates

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

  30-Year Jumbo 5/1-Year ARM
THIS WEEK 5.59% 4.58%
LAST WEEK 5.57 4.43
LAST MONTH 5.61 4.44
LAST YEAR 5.94 4.67

*With 20% down payment.

Source: bankrate.com, as of Nov. 10, 2004

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