Las Vegas. Miami. San Diego. Phoenix. Real estate markets in these cities, among others, were popularized as pay dirt during the latest real estate Gold Rush — with sky-high price appreciation, fast sales and droves of investors seeking a slice of the action.
That was then. Now, real estate economists are singing a different tune. The U.S. housing market is clearly slowing down, and formerly hot markets are the “not” markets.
But some markets do not march to the beat of the national trends.