Transcripts for KNTV NBC Nightly News 20130227 01:36:00

home. >> reporter: at a condominium complex in los angeles, the 2008 housing crash feels like a distant memory. >> newer appliances. >> reporter: real estate agent craig whitlock put this two-bedroom on the market friday. >> my phone is ringing off the hook, well over 20 calls, everybody wanting to see it either that afternoon or the very next day. >> reporter: national housing prices jumped higher in the last year than they have since 2006. economists looked at 20 cities. 19 of them showed price hikes. the top three -- detroit up 13.6%, san francisco 14.4%, and phoenix's prices skyrocketed 23%. >> phoenix and detroit saw home sales and housing starts ed good deals are drying up and overall

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