Author: Carrie B. Reyes

California home prices pale in comparison to these places

California home prices are higher than any other state in 2017, and the increase continues. California’s high home prices may seem excessive compared to the rest of the country, but when viewed alongside home prices abroad, California’s housing market is downright cheap. Using the Economist’s House-Price Index, we look at home price movement in the U.S. and four other countries. This index is updated through the first quarter (Q1) of 2016. The Economist House-Price Index Source: The Economist House-Price Index From 2000 to 2016, home prices increased: 309% in Australia, the light blue line; 268% in Britain, the green...

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