U.S. housing starts and permits for new home construction rose 5.9 percent in July, missing forecasts but still painting a bright picture for a national housing market that continues to recover. Here are the 10 best U.S. housing markets, according to average home values, year-over-year change in home values and the one-year price forecast.
Year-over-year change: 13.1% increase Average home value: $234,200 1-year price forecast: 3.1% increase
Year-over-year change: 13.1% increase Average home value: $84,700 1-year price forecast: 4.4% increase
8. Los Angeles
Year-over-year change: 14.9% increase Average home value: $439,400 1-year price forecast: 11.1% increase
7. Riverside, Calif.
Year-over-year change: 16.3% increase Average home value: $210,100 1-year price forecast: 17.2% increase
6. San Diego
Year-over-year change: 17.1% increase Average home value: $396,800 1-year price forecast: 8.8% increase
5. Sacramento, Calif.
Year-over-year change: 20.1% increase Average home value: $241,600 1-year price forecast: 15.6% increase
4. San Francisco
Year-over-year change: 21.4% increase Average home value: $563,200 1-year price forecast: 10.5% increase
3. San Jose, Calif.
Year-over-year change: 22.1% increase Average home value: $676,100 1-year price forecast: 9.7% increase
2. Las Vegas
Year-over-year change: 22.3% increase Average home value: $138,800 1-year price forecast: 7.5% increase
Year-over-year change in home prices: 24% increase Average home value: $165,600 1-year price forecast: 10.6% increase
Click here to view the data on the financial site Money Morning.
Officials are trying to reach people who came in contact with an 18-year-old San Diego State University Student. The young woman died after contracting bacterial meningitis. Sara Stelzer, a recent graduate of Moorpark High School, began feeling ill on Sunday and had been on life support at a hospital in San Diego for a short time before passing away on Thursday. Stelzer had been hanging out with students at Moorpark High just days before she died.
Douglas MacArthur returns to the Philippines, Nixon sets off the "Saturday Night Massacre," Jackie Kennedy remarries, the Sydney Opera House opens, tragedy strikes Lynyrd Skynyrd, and Muammar Gaddafi is killed, all on this day.