After Wednesday’s five-year high in existing home sales and fresh record high in median sales price, here’s a quick look at where home values are rising the quickest and where bidding wars are common via this WSJ story from a couple days ago.
California is sure running hot (Silicon Valley) and cold (Central Valley, a notable exception being Merced). Interestingly, Zillow puts the value of our California home about $20K higher than what we sold it for about 10 years ago (and we sold a couple years prior to the peak).
Related podcast interview:
MBA's Michael Fratantoni on the State of the US Housing Market