I have a lot of people email me and ask about what is going on in California with mortgage rates and the real estate market.  Unfortunately, I do not have a great idea as to what is going on with the real estate market in California as I have been out of there for a few years now.  Moreover, from what I do know about the real estate market there (for investors and a homeowners) is that you can never lump California together and make any type of generalizations.  This is one of the biggest problems that I have with mainstream media when they discuss the credit crisis.  I would recommend finding original content blogs (not splogs) that discuss the market, like this one that discusses the San Gabriel valley.