Fast Facts

Calif. median home price - March 07: $580,090 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region March 07:Santa Barbara So. Coast $1,200,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region March 07:High Desert $320,830 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Fourth Quarter 06:25 percent (Source: C.A.R.)

Mortgage rates - week ending 5/3:
30-yr. fixed: 6.16%; Fees/points: 0.5%
15-yr. fixed: 5.87%; Fees/points: 0.5%
1-yr. adjustable: 5.42%; Fees/points: 0.7%
(Source: Freddie Mac)

**Taken from the California Association of Realtors Bulletin, dated May 9th, 2007.