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Home Prices Rise 6% From a Year Ago

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Home Prices Rise 6% From a Year Ago

Home prices have increased a rise of 6% from a year ago here in California.  This is an increase highest since the mortgage meltdown. 

CoreLogic also found that prices for deals that closed in July had the biggest percentage gains in 6 years. 

To be specific prices were up 4.4 percent in July year oer year.

 

Comments (6)

C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Good Evening Tim

That is great news fp\or the  real estate industry.   Let hope that this is a sustained increase, So if we see this increase for consecutive months, then that will be great sign 

Sep 18, 2012 01:14 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you C. Lloyd

Sep 18, 2012 01:25 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Hi Tim

I too hope that this is just the beginning of even grater progress.

Sep 18, 2012 01:27 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Me too Mark.  Let it ride.

Sep 18, 2012 01:27 PM
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

An increase of 6% is very signficant, definitely has to boost both buyer and seller confidence!

Sep 22, 2012 10:01 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes Eileen it is doing exactly that.

Sep 22, 2012 10:05 AM