Here in Reno, Nevada, there are so many Californians moving in with a bunch of money that they are offering 50-100k over asking price and waiving the appraisal condition making our median home price just north of 500k.
Most people in our area, from here, won’t be able to buy a home unless they hit the lottery which we don’t have.
Not much better here in San Antonio, TX. Californian's are just paying STUPID cash for homes and driving our property assessments WAY UP!