It seems as though the I-15 serves as a directional line for the transfer of housing equity. It begins with the state of California and ends at the state of Montana.
California's housing market cycles just like any other housing market. When it enters its growth period it affects all of the other markets located on the I-15. People cash out of the California market and move to Nevada communities. People cash out of the Nevada communities and move north to Utah. People there move to Idaho causing equity increases in Montana.
As people cash out of one market and move north they are able to pay a large amount of cash for their homes and moving is easy. Demand for homes in those areas goes up and in time so does the value of homes.
Watch as the next cycle comes within the next couple of years. It will only be a short time before the other markets rise in value in Las Vegas and other areas.