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 - First Quarter 07:25 percent (Source: C.A.R.)

Mortgage rates - week ending 5/17:
30-yr. fixed: 6.21%; Fees/points: 0.4%
15-yr. fixed: 5.92%; Fees/points: 0.4%
1-yr. adjustable: 5.48%; Fees/points: 0.7%
(Source: Freddie Mac)

**Taken from the California Association of Realtors Bulletin, dated May 23rd, 2007.