SFGate

One California housing market is drawing buyers from across the country, a surge locals are comparing to a gold rush. SFGATE reports that newcomers 'are coming from all over,' driving intense competition for homes and pushing up prices in the area.

California's two largest luxury housing markets are moving in sharply different directions, according to new market coverage. One luxury segment is holding up strongly while the other weakens, highlighting how uneven the high-end property market has become across the state. Reports from Yahoo Finance and SFGate both flag the widening gap between the two regions' luxury home performance.