Home price gains in SD outpace US

Home price gains in SD outpace US

The pace of U.S. home-price increases began to slow by mid-year but not in San Diego County, where values took their largest annual jump in more than eight years, said S&P/Case-Shiller Home Price Index on Tuesday.

San Diego home prices in June rose 19 percent from a year ago, which marks the largest year-over-year hike since March 2005. That also marks the outpacing of national home-price growth, which clocked in at 12 percent when tallying all 20 areas in the index.

All of those 20 major metros showed price gains in June’s report, but fewer cities saw faster growth this month than last month. In this report, six fit that bill. In the previous report, it was 10. Also, more than half of the areas in the index showed weaker month-to-month gains.

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