Housing market conditions varied across the country, with 106 of the 135 areas tracked by Zillow continuing to decline on a year-over-year basis. Negative equity rose to 23.3 percent in the first quarter nationwide compared with 21.4 percent in the fourth quarter of 2009, Zillow reported.Â Foreclosures reached a new peak in March, with more than one out of every 1,000 U.S. homes entering into foreclosure during the month.
Home values in the Los Angeles, San Diego, San Francisco, Santa Barbara and Ventura MSAs have stabilized significantly in the past year, marking what may be a bottom, according to the report.Â Home values in those markets have risen significantly for the past 10 months, following lows set in April or May 2009.
The california median price as per the web site is :
March 2010: $301,790 (Source: C.A.R.)
Calif. highest median home price by C.A.R. regionÂ March 2010: Santa Barbara So. Coast $890,000(Source: C.A.R.)
Calif. lowest median home price by C.A.R. regionÂ March 2010: High Desert $122,970 (Source: C.A.R.)
The home affordabiltyÂ in the Â Fourth Quarter 2009 was at 64 percent (Source: C.A.R.)
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