Real estate in the West is on fire, spreading; Phoenix metro hot

Real estate

Real estateWhat does $1.45 million get you in Nashville? Well, if you don’t mind buying a house from Kesha, this is what you’d have.

The S&P/Case-Shiller 20-City composite index showed that home prices rose 5.7% in January in line with expectations. Zillow chief economist Svenja Gudell noted that lower-income buyers are having a harder time with the limited inventory. And despite limited economic growth, job opportunities are rising which should keep the housing market stable and healthy. The top cities for home price appreciation was Portland, Oregon (+11.8%), Seattle, Washington (+10.7%) and San Francisco, California (+10.5%).

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