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California median home price - June 06: $575,800
California highest median home price by C.A.R. region June 06:
Santa Barbara Sooth Coast $1,300,000
California lowest median home price by C.A.R. region June 06:
High Desert $334,790
Mortgage rates - week ending 8/10:
30-yr. fixed: 6.55%; Fees/points: 0.4%
15-yr. fixed: 6.20%; Fees/points: 0.4%
1-yr. adjustable: 5.69%; Fees/points: 0.8%
(Source: C.A.R. / Freddie Mac)
The Market Composite Index, a measure of mortgage loan application volume, for the week ending Aug. 11, was up 1.4 percent one week earlier, The Mortgage Bankers Association reported today. The refinance share of mortgage activity increased to 39.6 percent of total applications for the week ending Aug. 11 from 38 percent the previous week. The adjustable-rate [...]
Luxury home prices in Los Angeles, San Diego, and San Francisco continued to increase during the second quarter of 2006 but at a slower pace, according to the First Republic Prestige Home Index, which tracks homes valued at more than $1 million in key California markets. In Southern California, sales of homes valued $10 million [...]
Luxury home prices in Los Angeles, San Diego, and San Francisco continued to increase during the second quarter of 2006 but at a slower pace, according to the First Republic Prestige Home Index™, which tracks homes valued at more than $1 million in key California markets. In Southern California, sales of homes valued $10 million [...]
The Market Composite Index, a measure of mortgage loan application volume, hit the lowest level since May 2002, standing at 527.6 for the week ending July 28, The Mortgage Bankers Association reported today. The index was down 1.2% from 533.8 one week earlier. On an unadjusted basis, the index decreased 1.4% for the week ending [...]
The annual pace of construction spending topped $1 trillion for the 24th consecutive month in June 2006, rising 6.8% to a seasonally adjusted annual rate of $1.22 trillion, according to a recent report by the U.S. Census Bureau. Construction spending totaled $569.3 billion during the first half of 2006, up 8.5% over construction spending during [...]
For the second consecutive month, pending home sales have risen on a month-to-month basis, a sign the housing market is beginning to level out, according to a recent report from the National Association of Realtors. In June, the Pending Home Sales Index (PHSI), which gauges home sales activity for upcoming months based on the number [...]
