Home prices continue to rise as market strengthens

Market prices continue to rise.

National home prices grew by 6.1 percent year-over-year in October, with more than half the United States at or within 10 percent of the pre-crisis price peak. This is the 32nd consecutive month of growth, with a 0.5 percent increase over September and continued growth expected in November. For many, this makes it the perfect time to sell.

"The gradual recovery of the housing market continues to be propelled by improving employment, more buyer and seller confidence, continued low rates and, in certain parts of the country, investor demand. The continued actual and projected rise in home prices confirms that fact," Anand Nallathambi, president and CEO of CoreLogic, said in a press release. "Based on our projections, home prices in over half the country will have reached or surpassed levels last seen at the height of the housing bubble sometime in mid-2015."

The national home price average is expected to rise by another 5.1 percent by October 2015.

Sacramento in particular saw excellent growth, with average home prices increasing by 8 percent in October year-over-year.

The continued climb of home prices has some concerned over the risk of another housing bubble forming, but many experts say that the current balance between prices and sale numbers has more stability than the numbers seen at the height of the housing bubble.

With the continued climb of home prices in the Sacramento area, now is an excellent time to consider selling. If you're thinking about putting your home on the Sacramento housing market, contact me, top real estate agent Jon Hesse. With more than $100 million in completed transactions and a decade working in the local market, I have the experience necessary to help you sell your home at the best possible price.