California's economy may have hit a plateau, but the popularity of the Golden State continues to be buoyed by its diverse job base and consistently favorable climate. With a population of nearly 37 million and just shy of 13 million housing units, the median price for a single-family home in California rose to $484,000 in April 2007. Owning a home remains a priority in California, with a state homeownership rate of 56.9 percent. With housing prices showing no signs of a decrease, it's more important than ever that you lock in a California home loan with favorable terms designed to meet your own personal financial situation.
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