Tag: California Real Estate

December 2014 California Sales Report

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California: $452,570
Calif. highest median home price by region/county December 2014: Marin, $990,130 million
Calif. lowest median home price by region/county December 2014: Glenn, $176,670
Calif. Pending Home Sales Index:
November 2014: Decreased 13.4 percent from 104.8 in October to 90.7 in November.

Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/15/2014 (Source: Freddie Mac)
• 30-yr. fixed: 3.66% fees/points: 0.6%
• 15-yr. fixed: 2.98% fees/points: 0.5%
• 1-yr. adjustable: 2.37% Fees/points: 0.4%

Mixed Signals in the Housing Market

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Recently I have read how affordable home ownership has become, including how foreclosure filings are at a 7 year low. On the flip side, mortgage delinquencies are up! Mortgage delinquencies mean that the borrower is behind on their payments, but no sale is pending on the home. I believe if it weren’t for several states enacting new laws that delay foreclosure sales, the filing against delinquent borrowers would be much higher …http://dsnews.com/news/12-30-2014/foreclosures-falling-delinquency-rate-climbing

October 2014 California Sales Report

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Thanksgiving is right around the corner too!
Calif. median home price: October 2014:
California: $450,620
Calif. highest median home price by region/county October 2014:
San Mateo, $1.07 million
Calif. lowest median home price by region/county October 2014:
Tehama, $160,000
Calif. Pending Home Sales Index:
September 2014: Increased 2.6 percent from 99.78 in August to 102.4 in August.

Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)

Mortgage rates: Week ending 11/13/2014 (Source: Freddie Mac)
30-yr. fixed: 4.01 % fees/points: 0.5%
15-yr. fixed: 3.20% fees/points: 0.5%
1-yr. adjustable: 2.43% Fees/points: 0.4%

September 2014 California Home Sales Report

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Happy Halloween everyone!!!

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Calif. median home price: September 2014:

California: $460,940

Calif. highest median home price by region/county September2014:

Marin, $1.15 million

Calif. lowest median home price by region/county September 2014:

Glenn, $147,500

Calif. Pending Home Sales Index:

September 2014: Increased 2.6 percent from 99.78 in August to 102.4 in August.

Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)

Mortgage rates: Week ending 10/23/2014 (Source: Freddie Mac)

30-yr. fixed: 3.92 % fees/points: 0.5%

15-yr. fixed: 3.08% fees/points: 0.5%

1-yr. adjustable: 2.41% Fees/points: 0.4%

California Housing Holds Steady for August

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Fast Facts:

Calif. median home price: August 2014:

California: $480,280

Calif. highest median home price by region/county August 2014: San Mateo, $1 million

Calif. lowest median home price by region/county August 2014: 
Siskiyou County, $127,500

Calif. Pending Home Sales Index:

August 2014: Decreased 4.5 percent from 104.5 in July to 99.78 in August.

Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)

Mortgage rates: Week ending 9/18/2014 (Source: Freddie Mac)

30-yr. fixed: 4.23% fees/points: 0.5%

15-yr. fixed: 3.37% fees/points: 0.5%

1-yr. adjustable: 2.43% Fees/points: 0.4%

California Housing Affordability Down in June 2014!

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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%