The closer to a Fed monetary spigot a region is the higher the prices in that region with the greater Silicon Valley area (San Francisco) taking the lead.
The Wall Street Journal reports:
Some local markets have experienced extreme swings. Home prices in San Francisco have vaulted 98% from their low point during the bust and now stand nearly 7% above their earlier record in 2006 at the height of the previous housing boom.
In Dallas, home prices have risen by nearly 53% from their low during the recent bust and are now 35.5% above their previous high. In Denver, prices are now 59% above their previous lows and 36.5% above their previous high.
In some markets, bidding wars are breaking out.
This will not end well, it never does, but the Fed manipulated boom continues in the boom phase of the Fed created boom-bust business cycle.