Some interesting stats from CAR Newsletter

Here are the latest statistics from the California Association of Realtors Newsletter:

Calif. median home price - Dec. 05: $548,430 (Source: C.A.R.)

Calif. affordability index - Nov. 05: 14 percent (Source: C.A.R.)

Calif. highest median home price by C.A.R. region Dec. 05: SANTA BARBARA So. Coast $1,300,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region Dec. 05: High Desert $320,490 (Source: C.A.R.)

Mortgage rates - week ending 2/2:30-yr.
fixed: 6.23%; Fees/points: 0.5%
15-yr. fixed: 5.81%; Fees/points: 0.5%
1-yr. adjustable: 5.33%; Fees/points: 0.7%(Source: Freddie Mac)


Lorraine Burns, Realtor
(805) 901-8805