They rebound when the banks come back in and provide financing.

The other 2 I got really cheap in foreclosure sales and want to wait a few years for prices to rebound before selling them. 2 bedrooms apartments in my area rent for $500-$700 and I see lots of 40 year old apartments listed for $30-$40K per unit.

I may be wrong, so do your own investigation, and let me know what you find out Normally Redding's economy rebounds after 5-7 years when it falls, but in this case, it was so severe, I don't see it coming back for quite some time.

It's the inflection point where an ongoing disaster finally hits rock bottom and the city is given a chance to rebound financially.

Especially in the big rebound states like Arizona, Nevada, some parts of California.

Prices and rents have not only rebounded but have surpassed the earlier heights in the market. 

Being that I was pretty much broke, my credit wasn't all that good (low 600's), which is another story from rebounding after losing my plumbing business when the market crashed, I knew I needed a private investor to fund my projects. 

Then the market rebounded hard, and I did a cash out refinance and bought two new places.  

Most markets have rebounded to the point where banks are no longer desperate to get their inventory sold, and there are many new investors who are happy to overpay for properties.So, if you want to find great deals these days, the best option is to find properties that aren't publicly listed. 

Because it is ALWAYS the first to rebound, due to the many positives it offers.