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Home Prices Hit Another All-time High in June, Increasing 5.8% Year-over-year

According to the most recent Case-Shiller Home Price Index, home prices hit another all-time high in June, increasing 5.8% year-over-year. The index, which covers all nine U.S. census divisions, established a new peak for the seventh consecutive month. Although home prices were generally expected to begin cooling by now, don’t bet on a home price reversal just yet. The National Index reached a new high of 192.60, up from last month’s peak high of 190.61 and Los Angeles had the highest index reading at 263.57.
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A Picture Perfect 1545 Amalfi Drive

There’s an idea of California living that draws its portrait of a beautiful home from the movies. It’s a world of gleaming white marble-topped kitchens, shimmering pools, stunning views and linen sofas. Oversized sliding pocket doors integrate the outdoors. There are spacious garages, master baths for two and walk-in closets with center islands. “When you walk into this new home, you feel a certain warmth and charm that is typically reserved for an older home. You can see all the future family dinners and celebrations that will take place throughout this home,” offers Ally Jaret, listing agent for the property. Newly constructed under the eagle eye of Metro Capital Builders, 1545 Amalfi Drive is the sum of attention paid to beautiful details that may not be obvious to casual observers. What they will notice is that the home somehow feels more solidly built than most.
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