Santa Clarita Real Estate

In a report issued earlier this month, National home prices fell 8.9% in the full-year 2007, according to figures released recently by the Standard & Poor’s/Case-Shiller Home Price Index.

Home prices fell 13.7% in Los Angeles. The median price of entry-level homes in Los Angeles County is $433,200, with a typical monthly payment of $2,890, according to the California Association of Realtors. One would need a household income of about $86,700 to purchase here, even despite the drop in home values.