Analysis Finds East-West Divide in Home Prices

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September 30, 2015

Most homes east of the Mississippi experienced price drops, while most homes west of that line saw home prices rise, The Wall Street Journal reports.

This is based on data from the S&P/Case-Shiller Home Price Index. Despite the divided trend, there are some exceptions. Though cities along the Pacific coast from San Diego to Portland generally experienced price increases, Seattle saw a slight dip. Meanwhile, Boston and Cleveland were two cities east of the Mississippi to enjoy price increases.

“Economists say that getting a clear read on the housing market has become difficult as local markets are performing very differently,” writes real estate reporter Laura Kusisto. “The dividing line between the haves and have nots, in a word: jobs.”

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