Here are my updates for December 11th, 2012
Here’s some Fast Facts you’ll want to check out.
Calif. median home price: October 2012: $341,370 (Source: C.A.R.)
Calif. highest median home price by region/county October 2012: San Mateo, $819,000 (Source: C.A.R.)
Calif. lowest median home price by region/county October 2012: Lake County, $111,430 (Source: C.A.R.)
Calif. Pending Home Sales Index: October 2012: 120.2, up 4.3 percent from September’s 115.2.
Calif. Traditional Housing Affordability Index: Third quarter 2012: 49 percent (Source: C.A.R.)
Mortgage rates: Week ending 11/21/2012 30-yr. fixed: 3.31% fees/points: 0.7% 15-yr. fixed: 2.63 fees/points: 0.6% 1-yr. adjustable: 2.56% Fees/points: 0.4% (Source: Freddie Mac)
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”