"San Diego is a microcosm of the California market, " says Christopher Thornberg, founder of Beacon Economics, a Los Angeles economic consulting firm.

FORBES: Moving In

Price gains largely reflect a rebound from low levels and prices remain largely in line with their long-run relationship between incomes and rents, said Christopher Thornberg, an economist with Beacon Economics in Los Angeles.

WSJ: Home Prices Jump 10.9%, Largest Annual Gain in 7 Years