California Housing Affordability Down in June 2014!

For those who follow the affordability levels here in California will notice that house affordability is DOWN 2%…

FAST FACTS

  1. median home price: June 2014:
  2. Pending Home Sales Index
    June 2014: Decreased 2.8 percent from 110.1 in May to 107 in June.
      
    Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)
  • California: $451,160
  • Calif. highest median home price by region/county June 2014: San Mateo, $1.12 million
  • Calif. lowest median home price by region/county June 2014: 
    Merced, $158,820

Mortgage rates: Week ending 8/7/2014 (Source: Freddie Mac)

  • 30-yr. fixed: 4.14% fees/points: 0.7%
  • 15-yr. fixed: 3.27% fees/points: 0.6%
  • 1-yr. adjustable: 2.35% Fees/points: 0.5%

 

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