San Diego Home Prices Rise 7.6% in a Year

San Diego region’s home prices rose 7.6 percent in the past year, according to the latest data in the S&P CoreLogic Index released April 24th. Only Seattle, Las Vegas, San Francisco, Denver, Detroit, and Los Angeles had larger increases in the 20-city index. As prices continue to rise, homeownership becomes even more out of reach. The shortage of units that are affordable to young families is making it very difficult for employers to attract and keep talented employees in San Diego. 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.