readers of this blog know that I have been posting indicators for more that 6 months signaling that the Real Estate market Free Fall is slowing and that certain key areas of the country are beginning to see signs of a turnaround.
JMO:
Of course, we could have simply found ourselves resting on a "ledge" and the free fall may continue if the market becomes flooded with a new wave of foreclosed properties. I am in the process of completing an analysis that would show where home prices would be in key cities if the real estate bubble had never happened. This analysis will assume the prevailing rate of appreciation for that specific area and will forecast home values from that point until today. This will give investors a more accurate indication of "true" market value versus "fair" market value.
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