For the week ending 02/08/07… Calif. median home price – December 06: $567,690   Calif. highest median home price by C.A.R. region December 06: Santa Barbara So. Coast $1,250,000   Calif. lowest median home price by C.A.R. region December 06: High Desert $324,560   Calif. First-time Buyer Affordability Index – Third Quarter 06: 24 percent   [...]

The number of foreclosure filings across the nation exceeded 100,000 for the sixth consecutive month in January, with foreclosure activity increasing in all but 17 states, according to RealtyTrac’s “January 2007 U.S. Foreclosure Market Report.” Texas and California led the country with the most foreclosure filings last month, with 14,728 and 14,430 foreclosures, respectively. In [...]

The Market Composite Index, a measure of mortgage loan application volume, increased 1.5% to 639.8 on a seasonally adjusted basis for the week ending Feb. 9 compared with 630.1 one week earlier, according to a report released by the Mortgage Bankers Association. On an unadjusted basis, the Index increased 4.5% for the week ending Feb. [...]