After the market crashed we moved from Shasta County down to O.C. because we knew it would be the first place to rebound. 

This seems to be the case to a lesser extent when you go inland.We have been in a growing property market for about 9 years, and my understanding is that the coastal cities rebounded initially a bit faster and that there is a bit more meat left on the bone in other areas.I agree with @John Merritt that the South East is okay and that you can find some value there.

The rebound of oil and gas coupled with effects of Harvey are making Houston market very interesting. 

@Chaz Mathias as the economy and housing markets rebound, even the best cash flow cities are getting tighter on inventory.

We want to sell it and upgrade to a single family home also to be used as a vacation rental, but I'm not sure if this is the right time.I've seen articles and posts recently that the RE market has rebounded to 2008 levels and I'm wondering if someone can comment on the status of the RE market in southern NJ specifically because I don't see the rebound. 

https://m.lasvegassun.com/news/2017/nov/06/its-not-a-bubble-local-real-estates-rebound-is-sol/?

Equity in todays market is just not given away no need to.. the market has FINALLY thank god rebounded .. its not 2012 anymore. 

http://www.har.com/content/newsroom/Houston Real Estate Highlights in October Single-family home sales continued their post-Hurricane Harvey rebound as volume rose 7.5 percent year-over-year with 6,381 units sold;Single-family home sales remain 2.8 percent ahead of 2016’s year-to-date volume;Total property sales increased 6.6 percent with 7,614 units sold;Total dollar jumped 10.8 percent to $2.1 billion;The single-family home median price rose 3.9 percent to $226,491, which represents an October high;The single-family home average price increased 2.7 percent to $285,858, also the highest level for an October;Single-family homes months of inventory grew year-over-year to a 3.9-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing;Townhome/condominium sales rose 5.8 percent, with the average price down 1.1 percent to $195,393 and the median price down 3.1 percent to $153,000;Leases of single-family homes rose 13.6 percent with the average rent up 2.8 percent to $1,776;Volume of townhome/condominium leases jumped 34.8 percent with average rent up 2.9 percent to $1,533.HAR still encourages anyone who has housing available for temporary occupancy (up to 12 weeks) to please post it on our Harvey Temporary Housing page at www.har.com/temporaryhousing to provide housing to those in need.

Home ownership is now at a 25 year low, but values have rebounded.

I actually plan on living in here for a short term while the market for this rebounds post flood.