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Report: Home Values Continue To Escalate


New figures from the real estate research firm RealtyTrac show the median home price is up more over the past year in Sacramento than anywhere else in the state. 

Daren Blomquist is with Realty Trac:

“In Sacramento we saw a 35% year over year increase in median home prices from a year ago which is just crazy, I mean that’s not sustainable for the long term but as we’ve kind of hit bottom and bounced very quickly off that bottom, you’d had this very sharp home appreciation that’s probably not going to continue.”

Blomquist says homeowners in the Central Valley are also seeing rising values.

"…similar trends there: Stockton was up 20%; Modesto up 27% year-over-year in those median home prices. But across the board in every California market that we track we’re showing at least double-digit percentage increase in home prices from a year ago.”  

Blomquist says nationwide, all-cash sales and institutional investor purchases are down a bit – but they still make up a large percentage of sales, especially in California. In Sacramento, cash sales accounted for 27% of all purchases in June.


Steve Milne

Morning Edition Anchor & Reporter

Steve is the voice of Capital Public Radio News as anchor of Morning Edition and Insight. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music. Steve also produced stories for CapRadio.org.   Read Full Bio 

Alan Ray

Senior Editor, News

As Senior Editor, Alan assigns stories and works with reporters on story planning. He helps develop feature stories with reporters for radio, for the View From Here series, and for daily news casts. He also anchors the news on All Things Considered.  Read Full Bio 

Marianne Russ

Former Managing Editor, News

Marianne served as Capital Public Radio’s Managing Editor for News through July 2015.  Read Full Bio