California Housing -- What's Up?

The California Association of Realtors Fast Facts (C.A.R. 4/07)

Calif. median home price -February 07: $564,700(Source: C.A.R.)

Calif. highest median home price by C.A.R. regionFebruary 07: Santa Barbara So. Coast $1,000,000(Source: C.A.R.)

Calif. lowest median home price by C.A.R. regionFebruary 07: High Desert $319,860 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index -Fourth Quarter 06: 25 percent(Source: C.A.R.)

Mortgage rates - week ending 4/12:30-yr. fixed: 6.22%; Fees/points: 0.4%15-yr. fixed: 5.9%; Fees/points: 0.4%1-yr. adjustable: 5.47%; Fees/points: 0.5%(Source: Freddie Mac)