The S&P Case-Shiller index, reporting a 5% rise in home prices in July, indicates a trend of 14 consecutive record highs in the National Index.
San Diego is noted as the most expensive housing market, with a significant index of 446.55, largely attributed to its rapid population growth over decades.
The ongoing low inventory of homes is a crucial factor behind rising prices, motivated by homeowners retaining low-rate mortgages rather than selling their properties.
While factual insights on why San Diego's prices have risen dramatically remain limited, the surge in residents since 1980 suggests growing demand has influenced the market.
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