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Home Prices Continue Upward

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(Sacramento, CA)
Wednesday, September 5, 2012

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 2009."

Villacorta says the Bay Area is leading the state in price gains.
"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.
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