We have some areas where prices are probably up 50% over peak values, but other areas where prices are 30% below peak values.

I'm an RSI Refrigeration School graduate and the owner of Mountain Peak Air, LLC which is run out of Mesa, AZ.

I was averaging 3-5 calls per day from Las Vegas wholesalers wanting to peak my interest in their  deals, most of the time on the same property . lol . 

Anyway, nothing ever got built, I never got my unit, and the only thing that did happen was that the developer and my money went bye bye.Does anyone know of a way to write off that loss so I can recoup some of it through income tax reductions?

I am new to real estate as well, other than having bought my own home in Bellevue in 2008, just after the peak of the market bubble. 

I believe it has peaked which is why I sold.  

I know that starting off with first purchases near where I live is a rule of thumb, but the prices in Jerusalem / TelAviv are really on the peak, making average yield very low and barrier of entry high. 

Portland is already going through the roof in prices (bypassing the 2007 peak), and Eugene has been experiencing much more moderate appreciation, and still has a lot of potential.

I've seen multiple flips where popcorn ceilings go bye-bye.

Prices are coming down from the peak, but the market is returning nicely back to a pre-pandemic level of activity.