Are there such things as "primary markets?"

[Cody C.]

Hey Folks,

I Cant decide if most of you buy and sell in your area, or if you invest in other areas. I've read a few blogs and websites at this point, and the one market that keeps coming back to mind is phoenix. Now, we live in southern oregon, with a small-ish town (200k people i believe), and we were hit super hard by the boom-bust. houses that were selling for 1.5million+ are now selling for somewhere around 300k. Basically, the retail market dropped to foreclosure market prices. Now, We've seen a 12% increase in the last year, which is great!

Do most of you invest in your back yard? Or are you working in other markets?