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Californian destination states see home prices skyrocket

By Washington Examiner
Published July 8, 2021 12:30pm ET
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Californian destination states see home prices skyrocket
Golden State residents who support billionaire Tim Draper's initiative to break the state into smaller parts will now begin collecting signatures to get the plan on next year's election ballot. (iStock photo) | ChrisBoswell

A popular gripe about Californians moving into nearby states is they bring their politics with them. The newest complaint could be they’re bringing high home prices as well.

Property data provider CoreLogic released its monthly Home Price Index on Tuesday, reflecting May values. It showed home prices in every state increased from average listing prices in May 2020. In states with a disproportionate number of relocated California residents, home prices increased well above the national average of 15.4%.

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