I spoke with the San Diego Union-Tribune about the rise in prices compared to last year. Over the last year we have seen a steady increase in home prices. They have reached a new peak at $585K, up 8% from last year. This change may be due to the low interest rates we continue to see. This has helped more buyers purchase homes and it has driven competition. The low interest rates have been driven by many factors, to read about this and more click here.