How much prices in that area will change will depend in part on how many of those properties end up in the must-sell category. If the area really is that economically stable and the price increases haven’t been based primarily on the lack of credit underwriting then there won’t be as much “gas” to burn off. It’s hard for me to imagine that to be the case, but I suppose it could happen. I don’t know enough about that regional economy to have an opinion.
