There's good news out there for some of the Western real estate markets. Three cities that are posting the strongest housing price growth are Phoenix, San Francisco and Las Vegas which have increased 20 percent or more, year-over-year, according to RealtorMag.com.
At the same time, those three markets are also experiencing more job growth than the national average. Now the question remains, are these real estate markets improving BECAUSE of more job growth? Or is the job growth coming as the result of improved housing prices. Either way, this is positive news for the three major cities.
Here's the breakdown of job growth according to RealtorMag.com:
Phoenix - 2.4 percent
Las Vegas - 2 percent
San Francisco - 3.6 percent
Go to www.RealtyExecutives.com to check out the inventory of houses in these markets.