Calif. median home price – April 08: $403,870   Calif. highest median home price by C.A.R. region April 08: Santa Barbara So. Coast $1,170.000   Calif. lowest median home price by C.A.R. region April 08: High Desert $210,860   Calif. First-time Buyer Affordability Index – First Quarter 08: 44 percent   Mortgage rates – week [...]

A new study from the Urban Institute and the U.S. Dept. of Housing and Urban Development (HUD) says there are significant disparities among borrowers, particularly minorities, and what they pay for closing costs when buying a home, including those with identical credit scores, loan terms, and mortgage amounts. “The core problem is that too many [...]

California consumers’ outlook on current and future economic conditions and their plans for future spending fell sharply during the second quarter on concerns over mounting gasoline prices, job security, and the broader economy, according to the A. Gary Anderson Center’s California Composite Index of Consumer Sentiment. “Continued housing market woes, high gasoline prices, concerns about [...]

Roughly 183,000 at-risk homeowners were provided loan workouts in April, 23,000 more than in March, according to a new report from HOPE NOW, a private sector alliance of mortgage servicers, counselors, and investors working to prevent home foreclosures across the country. The April numbers represent the highest number of workouts provided through HOPE NOW since [...]