All Real Estate Is Local speaks to first-time buyers and experienced homeowners alike and explains how they can reap the benefits from this investment opportunity. Lereah provides insights to the national housing - whether they are booming or busting - what really matters is what the market conditions are in your region, town, or neighborhood. Even during the real estate boom of 2001-2005, a great many cities and regions did not participate in the boom - they lagged behind, or even decreased in value. Similarly, when prices began to fall nationally, there were plenty of regions and locales where prices rose, and sales boomed.