Saturday   December 1, 2007

The weekend is here and that means Open Houses.  Here is a link provided by The Multiple Listing Service (MLS) to show you where the open houses will be this weekend. 
www.themlsweekendopenhouseguide.com  Click on Saturday or Sunday Open Houses.

If you see something you like, e-mail or call us and well set up a showing for you.   

As you can see there are many houses available.  Good luck!

Heres some news from the California Association of Realtors regarding house affordability. 

C.A.R. reports entry-level housing affordability at 24 percent in California

LOS ANGELES -The percentage of households that could afford to buy an entry-level home in California stood at 24 percent in the third quarter of 2007, unchanged from the same period a year ago, according to a report released today by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.).

C.A.R.s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in the state.

The minimum household income needed to purchase an entry-level home at $482,910 in California in the third quarter of 2007 was $99,590, based on an adjustable interest rate of 6.56 percent and assuming a 10 percent down payment. First-time buyers typically purchase a home equal to 85 percent of the prevailing median price. The monthly payment including taxes and insurance was $3,320 for the third quarter of 2007.

At 48 percent, the High Desert region was the most affordable in the state, followed by the Sacramento region at 46 percent. Santa Barbara was the least affordable region in the state at 11 percent, followed by the Monterey region at 16 percent.

Real Estate News you can USE! From  patandmelody.com.

See you tomorrow.