I get emails from a real estate agency in Naperville and surrounding areas. My Daughter and her husband may move there because of his business. The homes are huge and beautiful and the R.E. agent said there was a major slowdown and they will be able to pick up quite a nice home for $250K or less that they should make an offer and more than likely they will get it for less. MAJOR slowdown already in the burbs.
There is also a real shift happening in population, in terms of people leaving the midwest and northeast and heaing south and west. For the first time in something like 50 years Detroit is no longer one of the ten or whatever most populous cities in this country; San Jose, CA has taken its place. And, NY is no longer the 3rd most populous state; FL has taken its place or soon will. So, the migration keeps happening to warmer weather and at least in FL, no state income tax. Also, FL has remained quite beautiful in many parts and it has a lot to offer people of all ages. It no longer the place you go to "die!" People come here to live. :)