Does anyone remember the mantra 'All Real Estate Is Local'? Somehow...

Does anyone remember the mantra 'All Real Estate Is Local'? Somehow that plug has stopped. What stopped that plug is the fact that real estate is now down nationally for the first time since the great depression. It's now time for a new mantra. I propose the following: 'Don't Worry All Recessions Are Local'. With that, let's take a look a few states. Florida is in RecessionIt's crystal clear that Florida real estate is in a recession. It should also be clear that Florida in general is in a recession. Those who disagree can give Mike Morgan a buzz at Morgan Florida. He can fill you in on some of the details. Michigan is in RecessionThe state of Michigan is also in a recession. As proof I offer 42,000 jobs lost in state since August 2006.

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