Some "Fast Facts" from the California Association of Realtotrs

December 29, 2011


Each week the California Association of Realtors sends a newsletter which has many interesting articles including a section called "Fast Facts". This section gives a short synopsis of median prices, affordability index and mortgage rates in California. This blog has mostly focused on our Inland Empire region, but as 2011 draws to a close, I thought I would share the latest "Fast Facts".





Fast FactsCalif. median home price: November 2011: $280,960 (Source: C.A.R.)Calif. highest median home price by region/county November 2011: Marin: $736,410 (Source: C.A.R.)Calif. lowest median home price by region/county November 2011: Madera: $103,330 (Source: C.A.R.)Calif. Pending Home Sales Index: November 2011: 109.8, an increase of 11 percent compared with the prior year. Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)Mortgage rates: Week ending 12/22/2011 30-yr. fixed: 3.91% fees/points: 0.7% 15-yr. fixed: 3.21 fees/points: 0.8% 1-yr. adjustable: 2.77% Fees/points: 0.6% (Source: Freddie Mac)