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.
A 91-year-old suspected driver of crashing into a 14-year-old Goleta teen with his car as the teen rode his bicycle to school, and then driving away, has come forward according to the Santa Barbara County Sheriff's Department.
A controlled burn is out of control in Solvang Thursday morning. Santa Barbara County Firefighters, with assistance from Santa Barbara City Fire and Montecito Fire Protection District engines, were dispatched to the 1400 block of Holsted Road in Solvang for a vegetation fire.