Thursday, April 26, 2007

Fast Facts from California Assn. of Realtors

Here are some "Fast Facts" from the California Association of Realtors Newsletter: (Now remember these are for all of California - including the desert areas).

"Calif. median home price - March 07: $580,090 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region March 07:Santa Barbara So. Coast $1,200,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region March 07:High Desert $320,830 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Fourth Quarter 06:25 percent (Source: C.A.R.)

Mortgage rates - week ending 4/19:30-yr. fixed: 6.17%; Fees/points: 0.5%
15-yr. fixed: 5.89%; Fees/points: 0.5%1-yr. adjustable: 5.45%; Fees/points: 0.7%
(Source: Freddie Mac)"

The last fact (Mortgage rates) means rates are coming down again! Can you believe it?


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