Home Price Rise Most in 7 Years. Realty Professionals 805-474-7040. The home prices in America have increases over 12% from a year ago (May 12-May 13) and the housing recovery is strengthening. 48 of the 50 states increased and 97 out of 100 of the largest Cities reported gains. California with an overall 20% increase leading the Country in second place behind Nevada with Arizona and Hawaii in third and fourth place respectively at 16%. Fewer foreclosures and low interest rates are some of the factors, with rising interest rates some are concerned that this will slow the market but these interest rates are Historically low and as long as there is a gradual increase the market should continue to get better and better.
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