Springfield housing market still strong -- chicagotribune.com
This is a very interesting Map of the United States and housing price appreciation or depreciation. What this map shows is that, unlike what we are hearing in the news media about a universal and widespread real esate meltdown, there is some variety in situations around the country.
Some areas are deflating but these are the areas that in many cases were super white hot just a few years ago. Other areas like Springfield, IL and Binghamton, NY are actually appreciating just as rapidly as the white hot areas were depreciating at the moment.
We conclude that there is not just one "real estate market" but many and they are much more varied in their situations and much more nuianced than the major news media would lead us to believe.
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