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Editor's Note: Recession and recovery are rarely uniform events geographically. Ever vigilant, and keeping a keen eye out for signs of economic recovery, the editors of Real Estate Issues intend to invite, on a regular basis, local and regional viewpoints on the business and economic environment from researchers and analysts at academic institutions around the country. Most states, and many, many institutions of higher learning hold within their walls real estate schools, business schools and economics departments that keep a close watch on conditions, developments and trends in the local and regional economies that affect them most directly. We begin in this issue with an analysis and commentary on the Coastal Alabama economy from Donald R. Epley, director of...
