Happy Thanksgiving everyone!  I have been blessed to be in such a wonderful position in my life.  It doesn’t have much to what I where, where I live, what I have and what I don’t, except my Lord and Savior Jesus Christ.  Everything is gravy after that!  Sorry for the pun, but it needed to be expressed.

Ok, so you want to know what the top 3 ways to know if your market has rebounded?  After all it is about trends and that is what makes it safe to track.  here they are:

1. Jobs (or unemployment rate) are they coming or going.

2. Inventory (house total) increasing or decreasing?

3.  Foreclosure rates (Notice of defaults) same as above.

Measure the trends to determine month over month where these go.  Also one other factor for the delay is the season trend.  November-February are typically slow months for sales, and could back up inventory as more foreclosures/bank owned properties hit the market.

Keep it short,

Mike Ouellette