Fast Facts from CAR and Freddie Mac – March 2009
California Association of Realtors just released its report for March 2009 real estate activity.
Calif. median home price - March 09: $253,040 (Source: C.A.R.) (note: compared to $247,590 last month)
Calif. highest median home price by C.A.R. region March 09: Santa Barbara So. Coast $825,000 (Source: C.A.R.) (note: compared to $715,000 last month)
Calif. lowest median home price by C.A.R. region March 09: High Desert $114,670 (Source: C.A.R.) (note: compared to $121,970 last month)
Calif. First-time Buyer Affordability Index - Fourth Quarter 2008: 59 percent (Source: C.A.R.) (note: compared to 53 percent Third Quarter 2008)
Mortgage rates – week ending 4/23/09:
- 30-yr. fixed: 4.8%; Fees/points: 0.7% (note: compared to 4.98% and 0.7% points last report)
- 15-yr. fixed: 4.48%; Fees/points: 0.7% (note: compared to 4.61% and 0.7% points last report)
- 1-yr. adjustable: 4.82%; Fees/points: 0.4% (note: compared to 4.91% and 0.7% points last report)
- California Association of Realtors & Freddie Mac
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