[LouAvul]

It won't happen like that. The market has only increased at an inflationary rate in isolated sectors of the country.

Northeast, Kalifornia, Florida.

In Oklahoma, for example, prices have only risen about 5% annually. And that only in the larger metropolitan areas, viz., Tulsa.

I wouldn't expect to see huge market adjustments in these areas.

[stainlessbanner]

Hey Lou - do you think the areas, such as OK, that are not over-inflated will see a rise in sales from people moving away from overpriced regions?

[durasell]

Rural areas are another ball of wax. Many of them are de-populating. The population growing older as young people move away in search of jobs. In some places in Kansas, for example, they will give you free land if you agree to stay for a set amount of time.

[muawiyah]

Only parts of the Northeast had high percentages of increase. Still, turns out that my area (Springfield VA) which was just about the hottest in the country only increased 8% per year from 1978 to 2005.

You still had to clean up the place, put in a new kitchen, and chop down your front yard Dawn Redwood to get that.