San Diego-Housing price climb lukewarm

Prices grew modestly in San Diego County’s housing market in August, capping a slow summer, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

Adjusted for seasonal variation, the regional index of home prices was 5.8 percent higher in August compared to a year ago. However, compared to July, the market appreciated by .21 percent, or an annual rate of just 2.5 percent, continuing a pattern that began in June.

Most of the year’s price increases came early in the year, beginning with an annual rate of growth of 12.9 percent in January.

The housing markets of Los Angeles and Orange counties followed a similar path, with prices also increasing 5.8 percent year-over-year in August. San Francisco’s market was strongest in California, increasing 6.7 percent in the same time period.

read more at: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-case-index-20161024-story.html

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