Cliff's Notes…on Real Estate

Calif. median home price – August 08: $350,140 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region August 08: Santa Barbara So. Coast $930,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region August 08: High Desert $169,200 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Second Quarter 08: 48 percent (Source: C.A.R.)
Mortgage rates - week ending 09/25/08 30-yr. fixed: 6.09% Fees/points: 0.7% 15-yr. fixed: 5.77% Fees/points: 0.6% 1-yr. adjustable: 5.16% Fees/points: 0.5%(Source: Freddie Mac)