Really interesting to me how many say they are flexible and doing it all when it makes sense due to markets and timing.It appears that "Joe" has assumed another alter ego that prefers heels !

@J Scott, March 2012 bottom retraced back to August 1996 prices before spiking back up.

Provided interest rates don't spike.

@Mike Hasson, I knew the roof needed to be replaced, but wasn't prepared for the perfect storm of spiking lumber costs and hidden labor. 

Having said that, prices have spiked in the last few months, but it won't last once interest rates go up.4. 

The cash flow is very seasonal too and if you are in the MHP business you want steady cash flow, not spiking revenue.  

I have also seen a spike in NOD's.

Check for spikes in tenancy, and significant deviations in regular expenses.Kenneth and Andrew made good comments.

I haven't been able to find any evidence of property values spiking (or even increasing at a higher rate) since that Cerner campus was completed.  

If the area has constant population / labor outflow, the prices would naturally depreciate, on the contrary more desirable areas with better economics and new employment opportunities naturally spike realty value growth. ( however important to look into diversification of major employers not to get into Detroit situation)I would look into state first with good economic growth, then dig into counties and narrow down to town profiles ( unemployment rate, poverty rate, schooling, budget proficit / deficit )Prices approaching 2007-2008 marks in certain areas may indicate soon-to-come market correction, so comparing those years data to current may give some insight as well.Good luck!