Housing Prices Fall in the West While the East Booms

If you look at the data in context of how much these west coast housing markets soared over the last decade+, the current situation comes off as a very minor correction.

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I can see some folks jumping in as they wanted to time the market hoping the bottom is reached. However a 10-12% increase is weird. The west is probably just directly dependent on the tech market which is down right now. Does it mean the East is representing the rest of the economy or non tech? Or may be I am trying to read too much into this.

The Case Schiller index comes out today. That’ll be interesting - though the RE market has much further to go.