It will depend on the macro economic picture, but I feel we have rebounded and continue to persevere.  

I changed my tune and am looking to relocate to an area that hasn't rebounded as quickly, and have since saved for a down payment.

While you may not make the most out of current rehabs with declining prices, the market would be headed straight towards where you want it - a time when others are running away and prices are low being primed for a rebound. 

Martin, @Brian Burke, @William Yeh My question is; if there is a lot of relocates from Oakland to Vallejo does that mean Oakland is on a rebound?

I still see potential in the Atlanta market although it has rebounded a lot since the recession so don't expect to clean up with rock bottom prices.

Details on my blog, you will have to copy paste. http://www.biggerpockets.com/blogs/3472/blog_posts/27214-entertainment-capital-of-the-world-rebounding-or-is-this-the-eye-of-the-storm

I will try to contact Jack.One thing that I want to do, but I have not yet figured out how to do, is to determine what the vacancy rates are like for student apartments.I know I have a lot to do, and plan on taking my time and getting the education I need before throwing money away foolishly.Lastly, what I am starting to hear is that Detroit is on a rebound already.

Thanks @Dawn Brenengen and @Elizabeth Colegrove  things definitely started off on the right foot.2014 was the worst for my wife and I on many fronts, we needed to rebound badly.

Early last week the bond got shelled and rates plummeted, then just a few days later it rebounded and massive YSP was gone overnight.If you're a borrower in a conforming loan amount and your rate is in the 6%s, and you're smart enough to figure out how to get yourself into the 5%s in a long term fixed no cost loan...consider it if the savings make a difference.

I included the URLs in the images in case you want to see the charts yourself, but a better option is to load the charts directly using this URL: https://fred.stlouisfed.org/categories/30823The graph above shows what we already know: home process have rebounded for the past 6 years or so since the fallout of the GR (great recession.)