US Housing Market Divided: East Booms While West Sinks.

Home prices in the western half of the US have plunged while those in the eastern half have risen, according to data from Black Knight. All 12 major housing markets located west of Texas, as well as Austin, posted year-over-year price declines in January, while all 37 of the biggest markets located east of Denver, excluding Austin, posted year-over-year price hikes. The largest price increases in the eastern half of the US occurred in Florida, with prices surging by 12% in the Miami housing market and by 9.3% in Orlando.