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.
The Santa Barbara County Sheriff's Department is urging anyone that was a witness to a traffic collision that occurred at the Patterson Avenue and Overpass Road intersection in Goleta Tuesday, to come forward.
A Los Angeles judge sentenced 54-year-old Kelly Gearhart to 14 years in a federal prison Thursday morning. The former Atascadero 'Citizen of the Year' was convicted of fraud and money laundering after costing millions of dollars to investors who had contributed money into Central Coast real estate projects.