The last week has been rather quiet in the real estate world as many are preparing for the holiday season.  The 30 year mortgage rate rose to close to 5% in response to the increase on Treasury rates.  Treasuries increased following economic news and political pundits raising the emotional tenor of the healthcare debate.  According to the Wall Street Journal,...

the five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 4.37%, which are an increase from last week's 4.26% but down from 5.6% a year earlier. One-year Treasury-indexed ARMs were 4.34%, up from 4.24% last week but below the 4.94% a year earlier.  The reporting week ends each Thursday; this week's average mortgage was 4.94% lower than last year's same week average of 5.19%.  This rate was achieved with an average 0.7 point.  This rate is still great for refinancing for existing homeowners. 

Internationally, the bargain hunters are scoping out real estate in Dubai.  Since the revelation last month regarding "taking a break" from debt payments, confidence and real estate prices have plummeted.  Prices are looking to be 50% off 2008, deemed by some to be an extraordinary deal as a long term investment and place to retire. 

A little closer to home, Boylan and Company  is working hard on its latest neighborhood page featuring the Ridgeview at Stetson Hills neighborhood near Dublin and Powers.  This neighborhood site filters MLS listings exclusive to that neighborhood and features interesting information about the area.  Market stats on the area are updated monthly to give buyers and sellers the most accurate information about the immediate market.  For instance, ending November, the average days on market for the neighborhood stands at 108 days and the average price per square foot is $83.40.  Boylan and Company provides the latest statistics on the local market each month through the blog, main page and neighborhood sites.  Watch for the year in review in the coming week or so.