The market as a whole is down. The high-end down more than entry-level.
We have always focused on entry-level housing. There will always be demand for solid 2-4 bedroom houses with 1-2 baths that rent for $800 - 1,200 per month.
This is what happened to local high-end housing:
With home market in tatters, high-end sector suffers even more | The Salt Lake Tribune
What do you invest in? High-end? Low-end? Somewhere in-between?