Fast Facts:
Calif. median home price - June 09: $274,740 (Source: C.A.R.)Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast
$850,000 (Source: C.A.R.)Calif. lowest median home price by C.A.R. region June 09: High Desert
$108,600 (Source: C.A.R.)Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)Mortgage rates - week ending 7/30/09 30-yr. fixed: 5.25% Fees/points: 0.7% 15-yr. fixed: 4.69% Fees/points: 0.7% 1-yr. adjustable: 4.80% Fees/points: 0.5% (Source: Freddie Mac)
Calif. median home price - June 09: $274,740 (Source: C.A.R.)Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast
$850,000 (Source: C.A.R.)Calif. lowest median home price by C.A.R. region June 09: High Desert
$108,600 (Source: C.A.R.)Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)Mortgage rates - week ending 7/30/09 30-yr. fixed: 5.25% Fees/points: 0.7% 15-yr. fixed: 4.69% Fees/points: 0.7% 1-yr. adjustable: 4.80% Fees/points: 0.5% (Source: Freddie Mac)
Quoted by the CAR California Association of Realtor
Interesting it looks like its still a great time to buy!
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