2013 Housing Bubble: Housing Affordability Index

Yep, it’s another housing bubble. Four months ago something troubling happened in the housing market. The home price affordability index tracked by the National Association of Realtors slipped below it’s long-term trend line, marking a possible beginning of a housing bubble.  This is how CNBC’s article: “Yep, it’s another housing bubble” begins to paint the picture […]

CA Housing Fast Facts

California median home price: January 2013: $337,040 California highest median home price by region/county January 2013: Marin, $799,110 California lowest median home price by region/county January 2013: Madera, $98,330 California Pending Home Sales Index: December 2012: 82.3 , down 20.5 percent from November’s 103.5. California Traditional Housing Affordability Index: Fourth quarter 2012: 48 percent (Source: C.A.R.) Mortgage rates: Week ending 2/28/2013 30-yr. fixed: 3.51% fees/points: 0.8% 15-yr. fixed: 2.76% fees/points: […]

CA Housing Fast Facts

California median home price: December 2012: $366,930 California highest median home price by region/county December 2012: Marin, $796,880 California lowest median home price by region/county December 2012: Lake County, $127,500 California Pending Home Sales Index: December 2012: 82.3 , down 20.5 percent from November’s 103.5. California Traditional Housing Affordability Index: Third quarter 2012: 49 percent (Source: C.A.R.) Mortgage rates: Week ending 2/14/2013 30-yr. fixed: 3.53% fees/points: 0.8% 15-yr. fixed: 2.77 […]