The fastest-moving markets as of June 30, 2014 were:
- Austin, Texas: 10 days
- (Tie) Washington, D.C., and Northern Virginia: 14 days
- (Tie) Dallas, Portland, Ore., and Denver: 15 days
- (Tie) Houston and Seattle: 17 days
- (Tie) Sacramento, Calif., and Boston: 19 days
The metro areas with the largest median sales price increase since last year:
- Sacramento, Calif.: $267,000, 15% year-over-year increase
- Austin, Texas: $266,000, 14% year-over-year increase
- Las Vegas: $182,000, 12% year-over-year increase
- Houston: $215,000, 12% year-over-year increase
- Orlando, Fla.: $154,000, 11% increase year-over-year increase
- 30-year fixed-rate mortgages: averaged 4.13 percent, with an average 0.6 point, unchanged from last week. Last year at this time, 30-year rates averaged 4.31 percent.
- 15-year fixed-rate mortgages: averaged 3.26 percent, with an average 0.6 point, rising from last week’s 3.23 percent average. A year ago, 15-year rates averaged 3.39 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 2.99 percent, with an average 0.5 point, rising from last week’s 2.97 percent average. Last year at this time, 5-year ARMs averaged 3.16 percent.
- 1-year ARMs: averaged 2.39 percent, with an average 0.4 point, unchanged from last week. A year ago, 1-year ARMs averaged 2.65 percent.
Source: Freddie Mac
Other links and articles:
Looking for a home in Silicon Valley: [Open in new window]
Looking for API scores of Schools in Santa Clara County: [Open in new window]
Bay Area Home sales trends for Santa Clara County: [Open in new window]
Enjoy the fine YouTube music:
Here were their top 10 most common responses:
- “I needed a bigger home”: 25%
- “I want to live in a better neighborhood”: 24%