I think inflation in the 60s-80s affected price more than the actual state.
CA went from $15k in 1960 to $211k in 2000 while US as a while went from $11k to $119k. 14x vs 10x. Oregon actually saw a steeper rise than CA, going from $10k to $150k, that’s 15x vs 14x. Alaska saw an even steeper rise of 16x, going from $9k to $144k. Looking at this data make me doubtful that rising interest rate (due to inflation) will affect housing price inversely. Rates were in the teens in the 70s and 80s, yet look at what happen to nominal housing prices.
