Home Prices are On Fire: San Diego Housing Market Strong

The Wall Street Journal reports that U.S. home re-sales surged to their highest level in 18 months in March as more homes came on the market.  Nationally, existing home sales increased 6.1 percent to an annual rate of 5.19 million units in March, the highest level since September 2013. The percent rise was the largest since December 2010. Last month's sales outpaced economists' expectations for a 5.03 million-unit rate. This is a sign of strength in the housing market ahead of the spring selling season. Buyers should make their move while values are on the upswing and interest rates are irrationally low.