The Law Office of Michael E. Ripley

Exceeding Expectations

Home Prices For The 20 Largest U.S. Cities Are Up!

In an article in USA Today (May 28, 2015), home prices for the 20 largest cities in the country are up 4.6% on an annual basis, this includes San Diego. The limited supply of houses for sale is the reason for the home prices increasing more than expected. It also indicates that home prices have year-over-year gains for 35 consecutive months across the country.  Finally, the median home sales price was $297,000.00.