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

Calif. median home price - November 08: $285,680 (Source: C.A.R.) (note: compared to $311,060 last month)

Calif. highest median home price by C.A.R. region November 08: Santa Barbara So. Coast $1,200,000 (Source: C.A.R.) (note: compared to $860,000 last month)

Calif. lowest median home price by C.A.R. region November 08: High Desert $148,580 (Source: C.A.R.) (note: compared to $154,660 last month)

Calif. First-time Buyer Affordability Index - Third Quarter 2008: 53 percent (Source: C.A.R.) (note: compared to 48 percent Second Quarter 2008)

Mortgage rates – week ending 12/24:

• 30-yr. fixed: 5.14%; Fees/points: 0.8% (note: compared to 5.53% and 0.7% points last report)
• 15-yr. fixed: 4.91%; Fees/points: 0.7% (note: compared to 5.33% and 0.7% points last report)
• 1-yr. adjustable: 4.95%; Fees/points: 0.6% (note: compared to 5.02% and 0.5% points last report)

- California Association of Realtors & Freddie Mac