All real estate is local

It sure seems that way when you look at different real estate markets across the land. Some areas are up, some flat and some are heading south. Little bit of everything.

Cities that are doing well, meaning price appreciation is above the national average, include Portland, Seattle, Charlotte, N.C., Boise, Idaho, Salt Lake City and New York City. Usually these urban areas have one or two industries that boost their economies. Charlotte is strong in banking, Seattle has aerospace, New York is what it is. The uptrend in the western towns like Seattle, Portland and Boise is partly caused by Californians fleeing high housing costs. To read more, please click here.