San Diego Home Prices Continue to Rise

San Diego region’s home prices rose 1.1 percent in the past year, according to the latest data in the S&P CoreLogic Index released April 30th. The trend with respect to home prices reflects the broader economic cycle, but affordability remains a major issue for employers trying to attract and retain talent and it’s limiting economic opportunity for the San Diego families that need it most. Adding housing supply is the only long-term effective strategy for getting ahold of our affordability crisis. 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.