is real estate market going dawn? or is location always the difference?

Answer 1

I wouldn't say its going down, but it is cooling off. Sellers are no longer enjoying the multiple offers, and it is taking 60+ days to sell a home that is priced to sell. That also means the closings are becoming longer, and no one is threatening to cancel if you don't close on time.

The refinances, are also facing problems. Owners are maxed out, creative financing may have gotten them into a loan they cannot afford with the interest rates increasing. To put it mildly, the GRAVY TRAIN has come to an end. Taking out $50,000 every 6-8 months is not possible today, and may not be possible for a long time. I do have confidence plenty of investors who have some cash, will prevent the collapse of most desirable areas. You wont find many foreclosures or auctions, and the prospects at those types of sales are heavy hitters and have financial backing most common people will never be able to compete with.

Real estate is softening, but not sinking.

Answer 2

yes, the real estate "bubble" is slowly deflating.
and location has always been a determining factor in price.
Alaska homes are cheap....... California, Hawaii & Florida homes are the priceiest.