Is the Midwestern Housing Boom Getting Too Hot?

The heartland is seeing a rise in home sales and more buyers in search of affordability swooping in. That has prompted midsized cities like Boise, Idaho; South Bend, Ind.; and Columbia, Mo., to pop up higher on top-performing real estate markets.

Overall, only 10 of 178 metro areas saw double-digit annual price increases during the spring selling season—down from 24 a year prior, according to data from the National Association of REALTORS®. Nearly all of the highest growth areas were in less pricey, smaller markets.

“We’ve seen this shift to the center of the country,” Glenn Kelman, chief executive of Redfin, told The Wall Street Journal. “It used to be flyover country, and now it’s saving our bacon.”……Read More