rebound of course. 

Market is cooler than Vegas, but Chicago has started to and *should* rebound.

Then they rebounded like a coiled spring. 

If we have round 2 of foreclosures, no one knows what this will do to the fragile RE rebound currently manifesting itself.

Now let's look at the resemblance of human behavior between the last housing market and this one.1989 and 2005 - top of the market1991 and 2009 - bottom of the housing market1992 and 2010 - 1st rebound1994 and 2012 - 1st small pull back from the rebound1995 and 2013 - 2nd rebound1996 and 2014 - 2nd small pull back from the 2nd rebound1997 and 2015 - the 3rd rebound???

I'm not completely sure about the downturn, but can speculate that the tourism industry suffered during the recession, but seems to be rebounding pretty well now.I was just throwing it out there on posting those properties.

It's rebounded quite nicely since the most recent economic depression. 

That's because, frankly, there are too many people who want to be real estate investors chasing too few real deals"this business is highly regionalized.. in some markets were there are plenty of distressed assets all of the marketing techniques work .. in other markets that have rebounded and are super strong none of them work well.. just not enough distressed assets to go around..

I had not foreclosed yet because I was waiting for the market in that area to rebound. 

As others have said, there's no reason to wait for another bubble...get in now while there is little competition, and by the time the market rebounds and everyone starts jumping in, you'll be the seasoned veteran...