Here are the latest prices for SoCal housing as of August 28, 2010. Prices are lower than before. Check out Snapshot for March 2009 to see the difference in prices. Also, note the long times on the market. This occurs because we have a glut of inventory. Eventually, clearing out the glut will mean pushing prices down. If you are thinking of buying now is a good time.
Mortgage rates nationwide are averaging 4.33% for a 30-year fixed loan. That is incredible…not since the 1950s..If you are considering a purchase, give me a call at 626-641-0346.