The Pacific NW is still the fastest appreciating area in the country, but Coy is right on one accord. Lot's of CA investors I deal with are moving equity out of their declining value properties in CA and buying flips up in your area. This leads to the same old artificial housing boom that investors first created in FL/CA, then AZ, then Vegas. Now investors are driving prices in the NW and the Gulf coast.
The funny thing is that the concept for making money in Real Estate is no different than the pinks. Don't believe the story. Buy when no one else wants it. Sell when every mom and pop is rushing in to buy. Rinse and repeat. Of course it took me several thousand dollars to learn that in the pinks first. And of course in Real Estate, there are tons of tax and leverage advantages for creating wealth that stocks simply don't offer.
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