Howdy,
I highly recommend that you take out the Property Goldmine Scorecard and ask those critical questions before you jump into any region (whether it seems hot or cold).
The answers to these questions will definitely help you discern whether it is a good place to put your money for the long term or whether it is a short term blip. In addition, you MUST visit a region before investing there so you see what`s real and what could be rumor or media hype. Make sure you go there, spend a few days, talk to the economic development office, speak with the planning departments and get the answers to those 13 critical questions.
As a matter of fact this is an important message for ALL investors no matter where they are thinking of investing. Never invest blind on rumor or hot markets, make sure that when the time comes the economics are there to support it.