Fast Facts: Calif. median home price – June 09: $274,740 (Source: C.A.R.)Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.)Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.)Calif. First-time Buyer Affordability Index – First Quarter 2009: 69 percent (Source: C.A.R.)Mortgage rates [...]

You’ve probably heard about President Barack Obama’s plan to rescue the housing market. He believes that restructuring distressed mortgages will help to keep struggling home owners in their homes. He also believes that this will help slow or stop the decline in housing prices. To this point $75 billion has been allocated toward modifying distressed [...]