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Home prices up 6.4% since last year

Article By: Phillip Molnar | 12:49 p.m. April 26, 2016
Source: http://www.sandiegouniontribune.com/news/2016/apr/26/home-price-appreciation-slows/

Home price increases outpaced the national average in San Diego County in February but at a slower pace than usual, said the S&P/Case-Shiller Home Price Index released Tuesday.

“At this point, keep an eye on it. Don’t panic,” he said. “We’re in a good, sustainable range of price appreciation.”

Goldman said the home market could continue to do well for owners if investors decide real estate is a better play than stocks and bonds.

“I think people are more comfortable owning property than securities,” he said, noting the ups and downs of the stock market.

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