We have a really nice area also not a depressed area with a big mansion in it.

I'm pretty darn sure we will NEVER see depression era deflation!

Your market may be different and prices may still be at very depressed levels.

The recent great recession and even the great depression would pale by comparison.Travel restrictions sound great.  

Residential on the other hand is tied to the location and if the location is depressed, your home price will be depressed as well.This is the basic difference.

op=1Makes me feel depressed reading that as I though I wake up early enough hahahaThanks and have a great day.

Aside from that, technology has replaced manpower in many industries, meaning less jobs (though prices don't fall in unison)  Tear down the houses in depressed areas, and let the market drive growth, not government programs that create a false market.

The builder may or may not have had problems but neighbors may have raised heck or collectively made an offer purchasing an interest in specific lots to "protect" the homeowner's property values.A trick of builder developers is to build nicer homes first, then infill latter with cheaper homes allowing the nicer home to influence price, they also add commercial later on as either depresses value of the nicer home built first.

Myself, I have noticed that many of the crowdfunding sites offer investment in old, delapidated homes in economically depressed areas, adding risk to the deal.

In the first instance shoe shine boys were giving tips to Wall Street pros right before the bubble burst and lead to the depression.