For most people who aren’t economists, we tend to think of markets as singular, localized things (e.g., we think of “the” housing market). But the truth is, markets tend to vary quite a bit regionally, and as this blog has pointed out before, seemingly unrelated markets (e.g., China’s stock market) can have large impacts. CNN Money points out that the energy market is another place that affects the housing market, and that low energy prices are good for some regions, and bad for others, in terms of housing prices.