We're seeing shrinking builder profit margins, and more and more incentives being offered to attract buyers. That's an indication of a shift to a buyers' market. |
While the economy is strengthening overall, problems persist in manufacturing, and many of these states are dependent on that sector. |
While there is less overvaluation in these markets, relatively low employment in states like Virginia, West Virginia and Kentucky are putting more homeowners in financial distress, These states are heavily dependent on the manufacturing sector of the economy, and that sector continues to lag behind others, like health care and professional services. |