San Francisco Real Estate - Residential

Fast Facts from CAR and Freddie Mac - July 2006

Compared to last time, this report shows that overall, California's real estate market is slowing even though the mortgage rates are lower. Here are the numbers.

- Mick Orton

Calif. median home price - July 06: $567,360 (Source: C.A.R.)
(note: compared to $575,800 last month)

Calif. highest median home price by C.A.R. region July 06:Santa Barbara So. Coast $1,075,000 (Source: C.A.R.)
(note: compared to $1,300,000 last month)

Calif. lowest median home price by C.A.R. region July 06:High Desert $333,330 (Source: C.A.R.)
(note: compared to $334,790 last month)

Mortgage rates - week ending 8/24:

• 30-yr. fixed: 6.48%; Fees/points: 0.4%
  (note: compared to 6.63% last report but points are higher)
• 15-yr. fixed: 6.18%; Fees/points: 0.4%
  (note: compared to 6.27% last report but points are higher)
• 1-yr. adjustable: 5.60%; Fees/points: 0.7%
  (note: compared to 5.69% last report but points are same)

- California Association of Realtors & Freddie Mac

posted by SFResidence.com @ 7:19 AM