In my last post on this subject, I suggested that it’s time to take another look at this “Fallen Star”.  For a review and background, see my earlier post here. Well recent stats are validating that premise that now may be the time to buy.  And, as you can see from the table below, certain year-on-year stats are demonstrating that the turnaround has definitely begun and, as we are wont to say, “the train is leaving the station.”  So what does that market look like now?  Well, lets take a look at latest figures for

Single Family Residences

Now,  does that look like something you want to pay attention to?  Common sense suggests that you would want to look seriously at something like this when:

A.  Inventory is declining

B.  Discounts are shrinking

C.  Days on Market are declining

Folks, this looks to me like a perfect storm.  One additional ingredient I’d like to see is Prices putting in a bottom and/or increasing.  That should be the kicker.