California Real Estate afforability

Calif. median home price – January 09: $254,350(Source: C.A.R.)
Calif. highest median home price by C.A.R. region January 09: Santa Barbara So. Coast $900,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region January 09: High Desert $127,750(Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Fourth Quarter 08: 59 percent (Source: C.A.R.)
Mortgage rates – week ending 3/5/09 30-yr. fixed: 5.15% Fees/points: 0.7% 15-yr. fixed: 4.72% Fees/points: 0.7% 1-yr. adjustable: 4.86% Fees/points: 0.5% (Source: Freddie Mac)

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