Thursday, January 14, 2010

Fast facts courtesy of CAR

Click here to view a snapshot of Alameda home sales from 2009.

A few fast facts about the real estate market courtesy of the
California Association of Realtors.
Right now the affordability index is at an all time high.
I remember that sometime around 2004 I saw this and it was hovering around 15%

Calif. median home price: November 09: $304,520 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region November 09:
Santa Barbara So. Coast $750,000(Source: C.A.R.)
Calif. lowest median home price by C.A.R. region November 09:
High Desert $124,710 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Third Quarter 2009: 64 percent (Source: C.A.R.)
Mortgage rates - week ending 1/7/10 30-yr. fixed: 5.09 Fees/points: 0.7%
15-yr. fixed: 4.50% Fees/points: 0.7%
1-yr. adjustable: 4.31% Fees/points: 0.6% (Source: Freddie Mac)

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