Home prices see highest increase since 2007
According to RealtyTrac’s March and Q1 U.S. Home Sales report, home sellers in March sold their homes for an average 17 percent gain, or $30,500 more than the purchase price, making it the highest average monthly price gain for home sellers since December of 2007. The largest gains occurred in San Francisco with a 72 percent gain. This was followed by San Jose, California with gains of 60 percent; Boulder, Colorado with 53 percent; Prescott, Arizona with 51 percent; and Los Angeles at 48 percent. However, in California, increased home prices have caused a slower start to the spring home-buying season, with a decrease of 4.7 percent in home sales from March 2015.
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