When do you know property values have reached bottom?

When values start trending up, that's usually a strong signal.
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September 24 2010 - Naples
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Multiple offers and decreasing inventory.

Erika in Orlando
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September 24 2010
Sergio,

before I clicked the link, that's exactly what I was thinking.  You'll only know when the bottom is hit AFTER you hit it and start going back up
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September 24 2010
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Buying after the bottom has come and gone is almost always more advantageous than buying prematurely. Would you prefer to start building equity from day one, or slowly watch your hard-earned down payment erode and be forced to wait for months/years after the bottom finally passes to finally be break-even?

Those that bought seven months after the bottom had come and gone following the Great Depression were far better off than those who bought just three months prior to the bottom, for example. There's simply no need to attempt to "time the market" in RE.
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September 24 2010
If the indicator is multiple offers, then WOO HOO Michigan is there. I have buyers offering on homes at $150,000 that they are being beaten out of in multiple offer situations. The reality is, we may bounce along at this "bottom" for some time.
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September 24 2010
When all of us agents stop tying to "time the market" it will be a "better time" for most buyers actually concerned about "the market" to buy.

"The bottom" is likely to stick around for awhile.
Dacolan seems to have the best answer so far.
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September 24 2010
If you take into consideration all the loans that are yet to go into foreclosure then it may be a few years at best before we see anything that resembles normal. Another way to look at it is by location, we have all heard the saying that real estate is local,not national. So take a look at your town and see where it ranks. Check the top 10 markets for foreclosure and hope you're not on that list.
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September 24 2010
take a look at the nikkei stock market crash, the tech stock market crash, the great depression, the tokyo property crash, and one thing you will certainly notice: they all had multiple false bottoms on the way down...

I'm sure those markets had the same great numbers of completely ill informed supposed experts saying what a great time to buy it was...
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September 24 2010
The market is what it is.  All indications are that we will be in this market for some time.

When we get to a point where we are seeing significant increase of property values then I think that will be an indication of a changing market. 

But for now it is full steam ahead...........let's make the best of where we are today!
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September 25 2010

Usually the econimists will make that announcement 3-6 months after values increase.

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September 25 2010
Good question, is the markets decision. and the market are the buyers.
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October 08 2010
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Look at the site below.
Lifecycle of a bubble

You should notice that when a bubble pops there is a reinflation for a time before the downward plunge continues.

That means that prices trend up for a while and then they go back down, down, down!
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October 09 2010
 
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