That steep rise reflects a broader trend well beyond Malibu or California. Home prices across the U.S. have surged over the decades, driven by strong demand and limited housing supply. In the last 10 years alone, the S&P Cotality Case-Shiller U.S. National Home Price Index has climbed 87.6% (8).Before Harris’ purchase, the property last changed hands in 2012 for $2.61 million. Prior to that, it sold for $750,000 in 1994.The Zillow listing for the Malibu property also highlights the home’s transaction histor ...