Like I said in other threads, Ca unemployment is about 2% higher now than it would be because of people moving here from other states and looking for work here.
Not that unemployment is not bad here, but the numbers are being Exasperated somewhat.
I still say that there will be a spike in prices in the hardest hit areas when the economy starts to recover, other areas I think will be flat to slow increases.
One more note, (not necessarily a positive one),
Not everyone moves in a U-haul, especially the young and maybe not so rich ones (or just flat broke).