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California Real Estate Fast Facts from CAR and Freddie Mac – November 2009

Posted: Wednesday, January 6th, 2010 @ 6:55 pm by mick@sfresidence.com
Filed under: California Fast Facts from CAR (State Reports)

California Association of Realtors just released its report for November 2009 real estate activity.

Calif. median home price - November 09: $304,520 (Source: C.A.R.) (note: compared to $297,500 last month)

Calif. highest median home price by C.A.R. region November 09: Santa Barbara So. Coast $750,000 (Source: C.A.R.) (note: compared to $970,000 last month)

Calif. lowest median home price by C.A.R. region November 09: High Desert $124,710 (Source: C.A.R.) (note: compared to $118,580 last month)

Calif. First-time Buyer Affordability Index - Third Quarter 2009: 64 percent (Source: C.A.R.) (note: compared to 67 percent Second Quarter 2009)

Mortgage rates – week ending 12/31/09:

  • 30-yr. fixed: 5.14%; Fees/points: 0.7% (note: compared to 4.78% and 0.7% points last report)
  • 15-yr. fixed: 4.54%; Fees/points: 0.6% (note: compared to 4.29% and 0.6% points last report)
  • 1-yr. adjustable: 4.33%; Fees/points: 0.6% (note: compared to 4.35% and 0.7% points last report)

- California Association of Realtors & Freddie Mac

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