Hat tip to Richard!
Housing markets in the western part of the United States remain hot. Data released on Tuesday by brokerage firm Zillow showed eight of the 10 hottest US markets are located west of the Mississippi River. Additionally, five of the markets are within the state of California.
“The overall recovery has been more robust in many coastal markets, especially on the west coast, with fast home value appreciation, strong job growth and solid income gains,” Zillow Chief Economist Dr. Svenja Gudell said. “Many of these markets are also experiencing above-average housing demand coupled with limited inventory, putting sellers in the driver’s seat.”