September was another hot month – a LOT of house tenants DEMANDING AIR CONDITIONING! But, the housing market MEDIAN cooled and actually went DOWN in September for home buyers.
September was another hot month – a LOT of house tenants DEMANDING AIR CONDITIONING! But, the housing market MEDIAN cooled and actually went DOWN in September for home buyers.
We experienced and incredibly HOT August even though SFR’s dipped in sales, the MEDIAN went higher!
A very strong July for the California housing market!
Happy Halloween everyone!!!
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%
Were buyers that hungry for new homes or did sellers price purposely list houses below market to encourage buyers to compete against one another…