The causes of the housing market’s well-documented ills, whatever those causes may be, do not appear to include interest rates.
The average rate on a 30-year fixed mortgage has declined steadily since July and now rests near levels not seen since 2005. The average 1-year adjustable-rate mortgage (ARM) rate has likewise fallen, but still rests above its early 2006 levels.
read more at voiceofsandiego.org
December 17, 2006 @ 4:12 PM
We track DQ & find the
We track DQ & find the reported y-o-y percentages have diverged from what the actual facts show.
The latest set of corrected Silicon Valley RE stats are now posted at:
http://www.viewfromsiliconvalley.com/id287.html
Thanks!
http://www.viewfromsiliconvalley.com
(now if we could just figure out how to post the nifty charts instead of tables…)
December 17, 2006 @ 7:08 PM
I commend you for finding a
I commend you for finding a unique, and likely more accurate, measure of home price changes.