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I'm sure the pain will be felt everywhere, but luckily there are parts of the country largely unaffected by this kind of stuff. Housing values around here have stayed in the sane range and most realtors describe the current market as "normal".
We just sold our old house (in Alabama) for $60k more than we paid for it less than four years ago (and we had two offers to choose from) and buying a house here in TN required us to essentially pay a premium. No housing crash around here.
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Mike
1976 Euro 911
3.2 w/10.3 compression & SSIs
22/29 torsions, 22/22 adjustable sways, Carrera brakes
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