Real Estate Prices In Carlsbad and Denver Are Up In July
Home prices in San Diego and Carlsbad continued their rise in July, gaining 5.2 percent over the past year, as home prices appreciated 6.9 percent nationwide, according to a report from CoreLogic.
San Diego home prices rose 1.1 percent from June to July, while nationwide prices were up 1.7 percent during the same time period, the 41st running reoccurring increase. CoreLogic's numbers factored in distressed sales, including short sales and bank estate-owned transactions.
Only Colorado saw more than 10 percent expansion, with 10.4 percent, although Massachusetts and Mississippi were the only states to see market values slip at -2.1 percent and -0.8 percent, respectively.
"Low home mortgage rates and better consumer certainty are upholding a rebound in home sales of late," CoreLogic CEO Anand Nallathambi said. "Adding to overall home demand is the benefit of an improved labor market which has aided millennials the financial independence to form new households and escape ever rising leasing costs.".
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