The Law Office of Michael E. Ripley

Exceeding Expectations

Home Prices for Single Family Homes Are Increasing

In the San Diego Union-Tribune newspaper (May 27, 2015) the strong housing demand is fueling a steady growth in home prices. In March, the resale amount for single family homes went up by anearly 5%. In the past seven months, the pace of the increase has been between 4.6% and 5%. Although that is less than the 20% increase in 2013, economists still feel that the pace is strong relative to historical norms.