The latest statistics indicate that the U.S. real estate market is at or very close to the bottom right now.
On January 18, Bloomberg News reported, "Confidence Among U.S. Homebuilders Climbs to Highest Since 2007." Bloomberg said, "The confidence measure, which increased for a fourth straight month, improved in all four regions of the U.S. This is ‘yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide,’ Bob Nielsen, chairman of the National Association of Home Builders and a builder from Reno, Nevada, said in a statement.”
The official data on home prices might not show the recovery yet, because they are always months behind, but most other data indicates