Real estate is no longer local because it's such a large part of our economy. The firms that support the real estate market are spread throughout the country. If they start hurting, they're going to lay people off.
I am in favor of layoffs, if it is realtors. Parasites.
I am also in favor of union layoffs, as in all of them.
1000 people a day move to Florida. How's the real estate there? (aside from Miami--what idiot wants to live there?)