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Higher Mortgage Rates or Changes in Prices: The Great Trade-Off

At the current statewide median price of $297,500 for October and mortgage rates in the five percent range, how will higher mortgage rates affect your monthly payment? What about price fluctuations? How will this trade-off impact buyer’s affordability? In the last...

Affordability at Historic Highs in 2009

By: Sara Sutachan, Senior Research Analyst & Oscar Wei, Senior Research Analyst Seasonally adjusted and annualized sales in the third quarter of 2009 increased to 537,690 units, up 1.7 percent from the previous quarter sales figure of 528,580 homes and up 7.7...

California Real Estate Fast Facts

Fast Facts Calif. median home price – October 09: $297,500 (Source: C.A.R.) Calif. highest median home price by C.A.R. region October 09: Santa Barbara So. Coast $970,000 (Source: C.A.R.) Calif. lowest median home price by C.A.R. region October 09: High Desert...

Market Condition Report for the Big Bear Area 11/15/2009

Please call me if you would like to discuss the Real Estate Market here in the Big Bear Area. I can show you any home for sale in Big Bear. Search the Big Bear MLS (Multiple Listing Service) Search the Southern California MLS  (Multiple Listing Service) Steve...

Big Bear Real Estate Fast Facts 10/25/2009

Current Residential Inventory Available 766 Last years inventory 10/2008 – 1078 Inventory is down 29% from last year   Residential Sales closed in the past 30 days – 78 Homes sold October 2008 – 73 Number of year to date closed residential sales...