Boulder, CO.

The S&P Case-Shiller Composite 20 home price index was up as April 2010 data filtered in. Because of an expired federal tax credit, home prices rose 3.8% from last April. San Diego has shown consistently strong data, up again this month and up 11.7% from last year. Among other high risers from last year were San Francisco at 18%, Washington at 7.3%, Los Angeles at 7.8% and Cleveland at 6.8%. To see your city, click here.

Realtors and builders are reporting weaker demand since the end of the tax credit, so this trend looks to weaken in the coming months. Overall, the president and Ben Bernanke are optimistic about the economy, but high unemployment and trouble abroad is worrying investors.

In other National News, Colorado is leading the way in marijuana selling as dispensaries in liberal states like California flock to Boulder to try their hand in the business. With still heavy regulations, like no convicted felons allowed to own a store, marijuana selling is turning away from the stoner counterculture of the 60’s and 70’s and toward a legitimate pain treatment method. Denver is helpful in determining the state’s growth in home prices, up 4.4% from last year.

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This entry was posted on Tuesday, June 29th, 2010 at 5:55 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.