The Law Office of Michael E. Ripley

Exceeding Expectations

Home Prices Rising at Slow Pace

According to the Union Tribune newspaper (June 25, 2014) home prices are rising at a much slower pace as the housing market stablizes. Although house prices increased from April, 2013 to April, 2014 by 15.3%, from March to April of this year house prices only increased 0.8%, one of the slowest rates in the Nation. Moreover, San Diego joins San Francisco and Los Angeles as the only markets to see a 3% slow down in annual appreciation over the last few months.