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This article is posted in:  California Fast Facts from CAR (State Reports)

Fast Facts from CAR and Freddie Mac – January 2008

Posted: Wednesday, February 27th, 2008 @ 11:03 pm by admin
Filed under: California Fast Facts from CAR (State Reports)

  • Calif. median home price – January 08: $430,370 (Source: C.A.R.) (note: compared to $475,460 last month)
  • Calif. highest median home price by C.A.R. region January 08: Santa Barbara So. Coast $1,135,000 (Source: C.A.R.) (note: compared to $925,000 last month)
  • Calif. lowest median home price by C.A.R. region January 08: High Desert $234,310 (Source: C.A.R.) (note: compared to $244,330 last month)
  • Calif. First-time Buyer Affordability Index – Third Quarter 07: 33 percent (Source: C.A.R.) (note: compared to 07: 24 third quarter)

Mortgage rates – week ending 01/24:

  • 30-yr. fixed: 5.48%; Fees/points: 0.4% (note: compared to 5.48% and 0.4% points last report)
  • 15-yr. fixed: 4.95%; Fees/points: 0.4% (note: compared to 4.95% and 0.4% points last report)
  • 1-yr. adjustable: 4.99%; Fees/points: 0.6% (note: compared to 4.99% and 0.6% points last report)

- California Association of Realtors & Freddie Mac

Check our monthly sales updates to compare San Francisco real estate prices versus the state of California as a whole! We also provide weekly updates on this blog as well as our website.

- Janis Stone

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