Daily Real Estate News | June 10, 2008
Calif. Home Prices Rise in Coastal Areas
Home prices in California are rising significantly in key areas, according to mortgage technology company FNC Inc.
FNC's new Residential Price Index, which measure home prices monthly, points out that 15 percent of ZIP codes in San Diego, 25 percent in Orange County, and 24 percent in L.A. County appreciated from January through April.
“We are seeing signs that certain ZIP codes, typically in coastal areas, are beginning to stabilize and even appreciate from their end-of-2007 lows," said Robert Dorsey, executive vice president for Data and Analytics at FNC.
Source: FNC Inc. (06/09/08)
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