Real Estate Industry News

The median price for a resale home in San Diego County was $605,000 in November. The interest rate for a fixed rate, 30-year loan was 4.81 percent at the end of November, said Mortgage News Daily, up from 3.98 percent a year earlier. That means the monthly cost for a median priced home (assuming 20 percent down) went up around $237 in a year.