Comeback for California Housing Prices

Heralding continued strength in the housing market locally and nationwide, home prices in major California cities jumped considerably year-over-year, according to data released Tuesday.

In Los Angeles, prices jumped 7.7 percent in November when compared to the previous year, the S&P/Case Shiller Home Price Index showed.

Prices in San Diego rose 8 percent over the previous year, and in San Francisco they jumped nearly 13 percent, the index showed. On a monthly basis, LA prices rose 0.4 percent from October to November. San Diego homes were up 0.9 percent during that period, and San Francisco up 1.4 percent.

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