Home prices in Ventura County, CA bounded up 4.4% in July!

Nationwide home prices increased quite a bit in July including Ventura County, making their largest year-over-year leap since 2006 when they jumped 4.1%, according to real estate data provider CoreLogic.

Home prices in Ventura County, California bounded up 4.4%. Without distressed sales – including foreclosures and short sales – national prices were up 4.3% compared with last July.

This report, the magnitude of buyers, and the shrinking inventory, suggests that the real estate market is “clearly seeing the light at the end of a very long tunnel,” said CoreLogic Chief Executive Anand Nallathambi.

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