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Here are some facts from the California Association of Realtors:

Calif. median home price – January 08: $430,370(Source: C.A.R.)
Calif. highest median home price by C.A.R. region January 08: Santa Barbara So. Coast $1,135,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region January 08: High Desert $234,310 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Third Quarter 07: 33 percent (Source: C.A.R.)
Mortgage rates – week ending 03/06/08
30-yr. fixed: 6.03% Fees/points: 0.5%
15-yr. fixed: 5.47% Fees/points: 0.5%
1-yr. adjustable: 4.94% Fees/points: 0.5% (Source: Freddie Mac)

Written by Keith Byrd - Go to Keith's Website/Profile