Nationally:
The push for higher loan standards may slow home sales in the coming months, while median prices will remain flat, according to NAR's most recent forecast. "Tighter lending standards will dampen home sales a bit, but by less than a couple of percentage points from initial projections," said NAR Chief Economist David Lereah.
California:
The median price of an existing single-family home is expected to drop 2 percent to $550,000 compared with $556,600 last year, with the exclusion of the Los Angeles market.
Locally in Los Angeles:
With 13 million residents, the Los Angeles metropolitan continues to be the second most populous metro area in the nation, according to the report. The Los Angeles-Long Beach-Santa Ana region gained more than 584,500 people during the six-year period between April 1, 2000, and July 1, 2006. (U.S. Census Bureau News).
Source: National Association of Realtors

Fast Facts      
Calif. median home price - February 07: $564,700
(Source: C.A.R.)      

Calif. highest median home price by C.A.R. region February 07: Santa Barbara So. Coast $1,000,000
(Source: C.A.R.)
     
Calif. lowest median home price by C.A.R. region February 07:
High Desert $319,860
(Source: C.A.R.)      

Calif. First-time Buyer Affordability Index - Fourth Quarter 06: 25 percent
(Source: C.A.R.)

Mortgage rates - week ending 4/5:
30-yr. fixed: 6.17%; Fees/points: 0.4%
15-yr. fixed: 5.87%; Fees/points: 0.5%
1-yr. adjustable: 5.44%; Fees/points: 0.6%
(Source: Freddie Mac)

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