Home values in San Diego and Carlsbad grew 7.6 percent in February from the year before, as homes nationwide continued to rise in value, according to a report Tuesday from CoreLogic.
CoreLogic’s Home Price Index, which measures home value appreciations, showed prices rose 6.8 percent nationwide since last February, including distressed sales. The national index is expected to rise another 5.2 percent by next February.
"Home prices continue to rise across the U.S. with every state posting year-over-year gains during the last 12 months," CoreLogic CEO Anand Nallathambi said. "Improved economic conditions and tight inventories continue to drive exceptionally strong gains in many markets, especially for homes priced below $500,000."
California posted gains of 7.5 percent. The fastest growing state was Washington, at 12.4 percent, while Wyoming had the smallest gains, at 0.4 percent.