The Dichotomy of the US Housing Market: Crashing and Soaring Simultaneously.

The US housing market is experiencing a split as home prices on the West Coast have plunged up to 10%, while homes in the East have surged. The split between rising fortunes or sinking home values essentially depends on whether the home is located east or west of the Rocky mountains. The unprecedented nature of the bifurcated housing market is driven by a number of factors that stem from the COVID-19 pandemic, which saw a boom in housing demand at a time when the supply of homes was limited.