Fast Facts

Below are some facts about the housing market in California, courtesy of California Association of Realtors (CAR):

Calif. median home price March 07: $580,090

Calif. highest median home price by C.A.R. region March 07:
Santa Barbara So. Coast $1,200,000
Calif. lowest median home price by C.A.R. region March 07:
High Desert $320,830

Mortgage rates - week ending 4/19:
30-yr. fixed: 6.17%; Fees/points: 0.5%
15-yr. fixed: 5.89%; Fees/points: 0.5%
1-yr. adjustable: 5.45%; Fees/points: 0.7%
(Source: Freddie Mac)

Statewide, the median home price increased 3.2 % from March 06. Look for a blog post with this kind of information pertinent to our local community.