How you’ll know when home prices are finally recovering.
Interesting article from CNNMoney.
I always take these national articles about the state of real estate with a grain of salt. Typically the tone of these articles relates more to those markets that are on the extreme ends of fluctuation. Now as for St. Louis it definitely seems to be a strong buyer’s market, but to summarize the article here a few signs to look for when things start changing.
Inventory is declining
Houses are selling faster than they used to
Realtors are feeling better
Sellers are acting less desperate