The Web is littered with predictions, forecasts, hunches and wild guesses about the long anticipated housing bottom, but only two things are certain. The first is that almost all of today’s bottom diviners will be wrong. The second is that no one will know for sure whether we have reached bottom of the real estate depression until it is past and we are into a period of recovery.

Like a tired heavyweight boxer receiving blows to the head, some crushing economic reports released this past week kept the economy and housing markets in retreat and further away from recovery. The first blow was the December new home sales release which saw new home sales plummet 14.7 percent to an unimagi­nable 333,000 annualized units. Read More »

Here are some signs that are likely to signal a market turnaround for the housing market. We define a turn­around as a steady increase in home sales from a trough. Read More »