Judy Horn and her husband, Nelson Horn, greater La Quinta Realtors and bloggers at www.YourDesertBlog.com watch current real estate data and trends so you do not have to. The Horns thought you would be interested in the following blog posting giving you easy to understand real estate information.
Calif. median home price: May 2010: $324,430 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region May 2010: Santa Barbara So. Coast $905,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region May 2010: High Desert $126,430 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First quarter 2010: 66 percent (Source: C.A.R.)
Mortgage rates: Week ending 6/24/2010 30-yr. fixed: 4.69 Fees/points: 0.7% 15-yr. fixed: 4.13% Fees/points: 0.6% 1-yr. adjustable: 3.77% Fees/points: 0.7% (Source: Freddie Mac)