Expect Double Digit Appreciation by the End of Next Year

Nation-wide, home prices have appreciated 10.1% this year and California has led the way, occupying four of the top five market positions, with Sacramento taking first place (25.9%) and Oakland (23.7%), San Jose (21.9%), and Los Angeles (20.3%) taking third through fifth. Only Las Vegas (24.7%) stood in the way of a Golden State grand slam.

CoreLogic Case Schiller, who performed the analysis, expects appreciation to slow to 5.4% in 2014 and to average 3.4% per year over the next 5 years.  They also note that trade-up buyers have finally re-entered the market and investor purchases are waning as fewer distressed homes are available.

When you are ready to buy or sell a home, contact us! We’re the Zwahlen Team, and when it comes to serving your needs, we’re the best in the East Bay.