The Beverly Hills Real Estate blog Thursday 11-05-09

 A Champagne Thursday although a little cloudy and cooler.  60'' at the beaches up to mid to upper 70's inland.  People back east would kill for this kind of weather.  We live in paradise.

Speaking of back east; congratulations to the Yankees! 

Real Estate headlines:  The Senate will vote to extend the credit of $8,000 to first time home buyers and $6,500 to qualified home owners looking to move up.  The actual vote could come as early as today.

Locally from CAR:

Fast Facts 
Calif. median home price - September 09: $296,090 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region September 09: Santa Barbara So. Coast $750,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region September 09: High Desert $117,820 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.)
Mortgage rates - week ending 10/29/09 30-yr. fixed: 5.03% Fees/points: 0.7% 15-yr. fixed: 4.46% Fees/points: 0.6% 1-yr. adjustable: 4.57% Fees/points: 0.6% (Source: Freddie Mac) 

Don't forget our new Video joke and blog which is posted around noon time on www.paraquatkelley.com  everyday.   Click on Podcasts.  Stop by and check us out... Send us a joke!

Have a great Thursday and we'll see you tomorrow.