Saturday, July 4, 2009

California Real Estate Fast Facts

(As of July 1, 2009)

  • California median home price - May 09: $267,570 (Source: C.A.R.)

  • California highest median home price by C.A.R. region April 09: Santa Barbara So. Coast $875,000 (Source: C.A.R.)

  • California lowest median home price by C.A.R. region April 09: High Desert $106,210 (Source: C.A.R.)

  • California First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)

  • Mortgage rates - week ending 6/25/09 30-yr. fixed: 5.42% Fees/points: 0.7% 15-yr. fixed: 4.87% Fees/points: 0.7% 1-yr. adjustable: 4.93% Fees/points: 0.7% (Source: Freddie Mac)

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