Home prices have been rising across the country but the Wall Street Journal reports that eight cities are setting new records.
National home prices are down 10.2 percent from when they peaked in June 2006 but several cities are seeing prices reach a new high. Austin, Dallas and Houston are seeing record-setting prices go up between 7 and 9 percent while San Antonio’s home prices are up 4.7 percent. Prices in Nashville, Tennessee, are up 5.3 percent this year and Denver saw home prices rise by 8.8 percent. Also on the list were Honolulu, where prices gained 3.9 percent, and San Jose, California, where they rose 10.3 percent.
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