Someone Ring the Bell

I'm going to say it, WE'VE REACHED THE BOTTOM! I've been thinking it since the first of the year but now I really believe that in 6 months the media will be saying it too. I've been waiting because I didn't want to sound like somone with their head in the clouds. Some guy who says the market is on the verge of a turn around (turn around being a little subjective, I believe stabilization to be a turn around at this point) every 4 or 5 months just to have to eat crow and start all over again.

Looking at the number of foreclosures and short-sales (and the sellers who qualify for a short-sale) in our market leads me to believe that the end of the malaise is near.

Of course, by then all of the truly exceptional deals on property will have been snatched up by investors. That's OK because I'm ready for someone to ring the bell and say 'yep their it was 6 months ago and now we can move on with the rest of the economic recovery.