There is also migration within this region.  

@Steve Olafson   if one was in the Bay Area during the 89 quake and the war.. we had a mini melt down in RE prices.. that was basically regionalized.. many don't remember or knew of it.But BAy area prices even on the peninsula  and SF dropped 50%... far worse crash than the 07 to 09 slow down the bay area experienced...

Fee schedules in Locator Agreements are regionally variable, sometimes calculated as a percentage of the 1st month's rent, sometimes a fixed fee.

Different regions I guess.

There are 3 Asset managers in the Denver Region which is most of the Southwest US. 

Hi,  My name is AJ.I'm looking to network with investors in San Diego or southern CA area, I invest in the OH and Midwest regions, and possibly in CA.

"[5] Before the advent of the automobile, Detroit was a small, compact, regional manufacturing center.

The Puget Sound region is expensive and I did not think I could buy here and realize the returns that I wanted.

@Tony Dragoo   I think that is a regional question and a market question.. if you in a non appreciating market and I would describe that as a market that moves 1 to 3% a year if your lucky compared to say SF Bay Area.. then I would not worry about owning .. but if you west coast  upper east coast DC  and other areas were you can get priced out of entry level I would buy first.  

Its regionalized in areas were if your goal is to buy SFR's and there are plethora's of them then probably not that important as agents will bring them to you and you will always have deals to bid on.But if your in Very tight inventory markets were wholesaling is not nearly as prevalent as other areas.