It's certainly not a market poised for growth. The state government as the region's largest employer provides a good deal of employment stability. However, there isn't much job growth otherwise, and many formerly important employers are in trouble (GE, for example). From what I see in my county (Saratoga), the population tends to skew a bit older. There's no rush to alleviate school overcrowding, and many people you see out and about are middle-aged to elderly. My concerns with the market are demographic - low growth, aging population, and economic - there's not much job growth to attract or keep working age residents, especially Millennials and Gen Z. An aged population will obviously vacate their homes at some point, and if an area isn't attracting newcomers it won't bode well for home price appreciation.
