Realtor.com just released a list of the highest benefitting markets in the country. Check out #1, which is in New England - Manchester, NH. I lived in Manchester and met my husband in Manch-Vegas as they jokingly called it. Here is what this tells you - that in this hot market, it's going to be these "secondary markets" that benefit the most from the low inventory and buying rush. Major metro centers will always be in demand as will blue chip towns, but as people realize they are out-priced in those areas or can't even find a house, they will move further out, even to a different state to get what they are looking for. Their criteria may change as the quest for a house takes priority over big details like location. For example, a longer commute won't seem as big an objection as it once did if a buyer is finally able to snag a home after looking for weeks or months with no luck.