Housing Markets that are particularly Interesting

Here is a partial list of the housing markets that are particularly interesting.

Los Angeles - Aka 'Epicenter of the housing bubble.' Huge market where prices are way out of whack with median incomes.

Las Vegas - Not only do they gamble in casinos, but here they gamble in the mortgage broker's office. The Las Vegas economy continues to be VERY dependent on the housing industry and tourism.

Bakersfield - Central Valley, California. Incomes way out of line with housing prices. Price have more then doubled in the past 5 years. Where are the high paying jobs to support the surge in home prices?

Miami - Where the construction crane is the unofficial bird of Miami. The condos developments have inundated by flippers looking for a quick buck. Inventory has rapidly risen in the past year especially for condos. The hurricane season starts in a month and a half.

Washington, DC - "It is different here" says some as they point to the Federal government and all the high paying contractor jobs. Is it? Will the Washington, DC area see significant price declines?

Which housing markets do you find fascinating?