California Association of Realtors just released its report for January 2010 real estate activity.

Calif. median home price: $287,440 (Source: C.A.R.) (note: compared to $306,820 previous month)

Calif. highest median home price by C.A.R. region: Santa Barbara So. Coast $760,000 (Source: C.A.R.) (note: compared to $847,500 previous month)

Calif. lowest median home price by C.A.R. region: High Desert $124,480 (Source: C.A.R.) (note: compared to $124,710 previous month)

Calif. First-time Buyer Affordability Index - Fourth Quarter 2010: 64 percent (Source: C.A.R.) (note: compared to 64 percent Third Quarter 2009)

Mortgage rates – week ending 3/4/10:

• 30-yr. fixed: 4.97%; Fees/points: 0.7% (note: compared to 5.01% and 0.7% points last report)
• 15-yr. fixed: 4.33%; Fees/points: 0.7% (note: compared to 4.40% and 0.7% points last report)
• 1-yr. adjustable: 4.27%; Fees/points: 0.6% (note: compared to 4.22% and 0.5% points last report)

- California Association of Realtors & Freddie Mac

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

Calif. median home price - December 09: $306,820 (Source: C.A.R.) (note: compared to $304,520 last month)

Calif. highest median home price by C.A.R. region December 09: Santa Barbara So. Coast $847,500 (Source: C.A.R.) (note: compared to $750,000 last month)

Calif. lowest median home price by C.A.R. region December 09: High Desert $124,710 (Source: C.A.R.) (note: compared to $121,010 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 2/4/10:

• 30-yr. fixed: 5.01%; Fees/points: 0.7% (note: compared to 5.14% and 0.7% points last report)
• 15-yr. fixed: 4.40%; Fees/points: 0.7% (note: compared to 4.54% and 0.6% points last report)
• 1-yr. adjustable: 4.22%; Fees/points: 0.5% (note: compared to 4.33% and 0.6% points last report)

- California Association of Realtors & Freddie Mac

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

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

Calif. median home price - September 09: $296,090 (Source: C.A.R.) (note: compared to $292,960 last month)

Calif. highest median home price by C.A.R. region September 09: Santa Barbara So. Coast $750,000 (Source: C.A.R.) (note: compared to $828,750 last month)

Calif. lowest median home price by C.A.R. region September 09: High Desert $117,820 (Source: C.A.R.) (note: compared to $111,770 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.) (note: compared to 69 percent First Quarter 2009)

Mortgage rates – week ending 10/22/09:

• 30-yr. fixed: 5.00%; Fees/points: 0.7% (note: compared to 5.04% and 0.6% points last report)
• 15-yr. fixed: 4.43%; Fees/points: 0.6% (note: compared to 4.46% and 0.6% points last report)
• 1-yr. adjustable: 4.54%; Fees/points: 0.6% (note: compared to 4.52% and 0.6% points last report)

- California Association of Realtors & Freddie Mac

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

Calif. median home price - July 09: $285,480 (Source: C.A.R.) (note: compared to $274,740 last month)

Calif. highest median home price by C.A.R. region July 09: Santa Barbara So. Coast $885,000 (Source: C.A.R.) (note: compared to $850,000 last month)

Calif. lowest median home price by C.A.R. region July 09: High Desert $110,650 (Source: C.A.R.) (note: compared to $108,600 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.) (note: compared to 69 percent First Quarter 2009)

Mortgage rates – week ending 8/20/09:

• 30-yr. fixed: 5.12%; Fees/points: 0.7% (note: compared to 5.2% and 0.7% points last report)
• 15-yr. fixed: 4.56%; Fees/points: 0.7% (note: compared to 4.68% and 0.7% points last report)
• 1-yr. adjustable: 4.69%; Fees/points: 0.5% (note: compared to 4.77% and 0.7% points last report)

- California Association of Realtors & Freddie Mac

* Note that median prices are coming back up again. As always California real estate is a good value as long as you stay in it for the long term! – Janis Stone, DRE# 00517072

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

Calif. median home price - June 09: $274,740 (Source: C.A.R.) (note: compared to $267,570 last month)

Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.) (note: compared to $875,000 last month)

Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.) (note: compared to $106,210 last month)

Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.) (note: compared to 59 percent Fourth Quarter 2008)

Mortgage rates – week ending 7/23/09:

• 30-yr. fixed: 5.2%; Fees/points: 0.7% (note: compared to 5.42% and 0.7% points last report)
• 15-yr. fixed: 4.68%; Fees/points: 0.7% (note: compared to 4.87% and 0.7% points last report)
• 1-yr. adjustable: 4.77%; Fees/points: 0.7% (note: compared to 4.93% and 0.7% points last report)

- California Association of Realtors & Freddie Mac