Home price tracking firm Clear Capital says values went up three
percent from May through August compared with the previous three
months. Clear Capital's Alex Villacorta says gains were higher if
you look back even further.
"Prices are up 5.8% for the state over the last year but
even more so up 12% from its low point that the state saw in early
Villacorta says the Bay Area is leading the state in price
"The job growth in the tech sector is certainly showing a
lot of that demand. Also the buyer pool is a little bit more
diversified in these gateway cities like San Francisco that have
not just the domestic buyers but also international buyers coming
into the market."
The Clear Capital data show price appreciation for nine
straight months now in California.