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The Wall Street Journal came out with an article talking about how the real estate market reached a bottom in April. They talked about how the depressed market is on it's road to recovery and that the signs are all there to back it up. Does that mean that the market is going to turn around?

Well it means that the market is on it's way to turning around. If the Wall Street Journal is right it doesn't mean that house prices are going to start going up in value right away. It doesn't even mean that prices will stop going down for a while still. It just means that there is a possibility if the market continues as the signs show that the inventory of homes will go down. A lower amount of inventory will be great and once it reaches a certain point many of the states that are used to appreciation may see those days again soon.

Part of the point of the article is that because the recession started with real estate that it is most likely that it is real estate that will pull us out of the recession. Now that could be true. I think that it is the emotions of home buyers that destroyed the real estate market and it is the emotions of home buyers that will pull us out. Once people feel a confidence in the market than they will start buying again. It certainly helps when the Wall Street Journal says things are looking up. I'm sure people's emotions are high right after reading the article.

Lately the media has been more positive about the real estate market. It seems people have an optimistic view on a recovery. It seems that everything is getting in place for a real estate recovery. The financial market is still holding in the game. Money is available to qualified buyers. There are plenty of homes to choose from for the pickiest of buyers. The pieces are there and they are slowly coming together.

So what sort of time frame are we looking at? Well in many areas there is a year and a half of inventory on the market. It is going to take a while to absorb that sort of inventory. Buyers are slowly gaining confidence so it may be a slow recovery. Watch for when the home inventory drops to know that a recovery is on it's way. If you are looking to take advantage of the market, this may be the time. By the time the market recovers the best deals will have been taken.

So is the future bright for real estate. I think it is. Real estate has repeated itself for hundreds of years. It goes up, then it goes down, and then it goes back up. There is money to be made at all times in the real estate market. There are always opportunities. There are just some times that present more opportunities than others. This is definitely a time of opportunity.