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.
Authorities have identified Richmond Corrales Eskridge as the 22-year-old man from Big Sur that was killed Saturday morning after his Ford F150 pickup truck rolled several times and went down a steep embankment.
Santa Barbara County Sheriff's Detectives have arrested 21-year-old Bryan Rios of Santa Maria, as a fifth person to have allegedly played a direct role in the death of Javier Limon. Limon's family speaks exclusively to KCOY.