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January 19th, 2014 · No Comments · Mark Lomas and Kirsten Wolfe, Neighborhood News, Real Estate News, Santa Barbara Real Estate

CALIFORNIA HOME-PRICE APPRECIATION SECOND HIGHEST IN U.S.

Home prices in the Golden State showed the second largest year-over-year gains in the county in November, according to CoreLogic’s recently released Home Price Index.cali_flag

California home prices, including distressed sales, increased 21.3 percent from November 2012 to November 2013, trailing only Nevada. Not including distressed sales, home prices in the state grew 17.6 percent in that time period, also No. 2 in the country.

Nationally, home price growth was more modest, with year-over-year gains of 11.8 percent including distressed sales and 10.4 percent excluding them. According to CoreLogic, November marked the 21st straight month of yearly home price increases.

The company predicts that 2013 will be the healthiest year for appreciation since 2005.

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