March 16, 2018

Home prices in the San Diego region rose 7.4 percent in the past year, according to the latest data in the S&P CoreLogic Index released February 27th. Only Seattle, Las Vegas, San Francisco, and Los Angeles had larger increases in the 20-city index. Home prices continue to rise substantially faster than inflation in metropolitan areas across the nation. Experts point to a lack of supply as the driving factor. The S&P CoreLogic Index is widely viewed by economists as the gold standard metric for housing prices as it evaluates home prices by tracking repeat sales of single-family houses as they turn over through the years.