The volatile housing market of the past 15 years is widening the divide between pricey urban and coastal areas and more affordable inland regions, creating large swaths of winners and losers based largely on geography.
Average U.S. home prices rose 5.6% in the 12 months through October, according to the S&P CoreLogic Case-Shiller National Home Price Index, which covers some of the U.S.’s largest metropolitan areas.