The California Real Estate Market Snapshot

Fast Facts courtesy of the California Association of REALTORS®:

Calif. median home price - August 07: $588.970(Source: C.A.R.)

Calif. highest median home price by C.A.R. region August 07: Santa Barbara So. Coast $1,262,500(Source: C.A.R.)

Calif. lowest median home price by C.A.R. region August 07: High Desert $287.39(Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Second Quarter 07: 24 percent (Source: C.A.R.)

Mortgage rates - week ending 10/12: 30-yr. fixed: 6.40%; Fees/points: 0.4% 15-yr. fixed: 6.06%; Fees/points: 0.5% 1-yr. adjustable: 5.73%; Fees/points: 0.6% (Source: Freddie Mac)