The five key indicators to watch are interest rates, building permits, home sales, loan defaults and foreclosure sales. Together, they provide a pointer to the market's overall direction. Pay the right price. Buy the least expensive house possible on the best block, buy in a community's least expensive neighborhood or buy in a city's least expensive community. The cheapest home in a neighborhood in transaction will eventually give you the greatest return on your investment.
History reveals, even in a market headed for the doldrums, things eventually turn up.
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