Housing is waking up to a new Hangover....

[David Krulac]

http://www.msn.com/en-us/money/realestate/housing-is-waking-up-to-a-new-hangover/ar-BBaLZwQ

[Ezra Nugroho]

Thanks for your post. The article has a similar somber tone like what we've been hearing lately.

Since the run up in 2013 was quite significant, maybe we are just generally out of fuel. Interest rate is still very low, and a few days ago we learned that FNMA is starting to buy 97% LTV loans again. So the government is probably seeing the slowdown as well, and trying to push it forward.

David, In terms of general local economy, what do you see over there in Central PA? 

Here in Bay Area, economy seems to be quite healthy still. Startups are still getting funded left and right. Most consumer market startups are gravitating in San Francisco area, instead of in the traditionally known Silicon Valley cities. That explain the crazy increase of home price and rent over there.

BP-ers, How's your local economy look like?