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Our area is still a strong market and we are facing a shortage of homes and apartments. If you sell your home here, you are moving else where because you will find nothing you can afford locally. Realtors are buying properties before they even hit the market. They either make them rentals or hold a bit and flip for even more money. They even purchased old motels and are converting them into apartments. This is all driven by construction on the military bases. Lots of new buildings because of force restructuring and replacing buildings torn down after the last hurricane. Projected to last seven years. So seven years from now we will be back to an excess of unsold properties and empty apartments.

I suspect that areas of the country will weather the economy as populations continue to shift. But States like Cali, Illnoise and NY will be a drag on the economy especially as their unfunded obligations become due as more Boomers are retiring every day. The Feds are still printing money out of nothing at an alarming rate, and food prices are going up. Anecdotally, I keep hearing about it being hard to get replacement parts for cars, lawn mowers even a ATM was down near our house for two months because parts were not available. Even certain food items are no longer being stocked. Not seeing signs of a solid economy outside housing starts.