Western U.S. Could Lose Home Price Growth Lead to the East
While the West has remained strong in home price growth over the years, there is a possibility that the East could close in and take over. That being said, the West still recorded the highest overall growth rate, according to a recent National Mortgage News report.
"San Jose, Calif., and Las Vegas continue leading in strongest quarter-over-quarter appreciation, growing 2.28% and 2.01%, respectively," according to the report.
"Seattle was also part of the six Western regions in the nation's top 15 fastest growing cities, but showed signs of slipping during the summer months. Seattle's quarterly growth decreased 0.31% to 1.51% in the fourth quarter."
In the East, or Northeast in particular, there was a 1.1% home price growth, putting the region as the West's number one contender. Providence, R.I. led the charge for the Northeast who is closing in on the West.
To see a full breakdown of the top growers by state, click on the image above.
