California Association of Realtors just released its report for July real estate activity.

Calif. median home price - July 08: $350,760 (Source: C.A.R.) (note: compared to $368,250 last month)

Calif. highest median home price by C.A.R. region July 08: Santa Barbara So. Coast $940,000 (Source: C.A.R.) (note: compared to $1,035,000 last month)

Calif. lowest median home price by C.A.R. region July 08: High Desert $177,330 (Source: C.A.R.) (note: compared to $180,570 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2008: 48 percent (Source: C.A.R.) (note: compared to 44 percent First Quarter 2008)

Mortgage rates – week ending 08/21:

• 30-yr. fixed: 6.47%; Fees/points: 0.7% (note: compared to 6.52% and 0.7% points last report)
• 15-yr. fixed: 6.00%; Fees/points: 0.7% (note: compared to 6.07% and 0.6% points last report)
• 1-yr. adjustable: 5.29%; Fees/points: 0.5% (note: compared to 5.27% and 0.6% points last report)

- California Association of Realtors & Freddie Mac