So wouldn't you know the house prices would be higher here as well.
California Housing "Fast Facts" from California Association of Realtors:
Calif. median home price - November 06: $555,290
(Source: C.A.R.)
Calif. highest median home price by C.A.R. region November 06:
Santa Barbara So. Coast $1,083,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region November 06:
High Desert $332,340 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Third Quarter 06:
24 percent (Source: C.A.R.)
Mortgage rates - week ending 12/28:
30-yr. fixed: 6.18%; Fees/points: 0.4%
15-yr. fixed: 5.93%; Fees/points: 0.4%
1-yr. adjustable: 5.47%; Fees/points: 0.6%
(Source: Freddie Mac)
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