Arizona’s 6.9% trails California (7.1%) and Texas (7.8%) per Freddie Mac House Price Index published on July 6, 2017. It is a value-weighted average of the state indexes where the value weights are based on Freddie Mac’s single-family credit guaranteed portfolio.

Giving the much higher property taxes levied by both Texas and California every year, Arizona home owners shall benefit more of the price increase at their lower cost of ownership.

Thanks to high-tech sectors in Washington state and Oregon, both housing market reflect exactly the same as the employment market. Washington advanced 12% year-over-year while Oregon stands on the 3rd place with its 10.4% following Florida’s 11%.