My indicator used to be foreclosures, once these have trended down and stabilized I figure that would be a good time to buy in.
I’ve since noticed that the banks are holding onto their REO’s instead of selling them, so thats floating the market in lots of places. If I can find somewhere that lists what % of each zip code is bank owned, I’ll watch that. And again, once its trended down and stabilized, I’ll buy in.
