Home prices are rising!

An article by Realtormag.com reports that home prices have risen 10% year-over-year nationwide, the largest increase since 2006. This month also marks the 12th consecutive monthly increase of home list prices nationwide, “Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases and underscoring the ongoing strengthening of market fundamentals,” says Anand Nallathambi, president and CEO of CoreLogic. California ranked 3rd in the country for highest price appreciation as of February 2013, with a 15.3% increase. Click here to view current listings offered by Montecito’s top producing real estate agent team, Riskin Associates.

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