Appreciation Activity Shifts to the South

Housing markets in the South are experiencing higher levels of appreciation than those in California, which had been at the forefront of rising values, according to the Zillow Real Estate Market Reports for January. Appreciation in Nashville, Tenn., surpassed that of leader Portland, Ore., at a year-over-year rate of 12.4 percent. Home values in Dallas-Fort Worth, Texas, and Tampa and Orlando, Fla., appreciated more than 10 percent year-over-year.
Appreciation in California’s most coveted