And though construction remains slow, demand is strong: net absorption for the quarter clocked in above 30,000 units.Source: GlobeSt

In additional to @Neil Schoepp's factors, I would look at occupancy trends, median rent trends, and absorption rates.

I've read that the success of septic tanks is somewhat dependent on soil absorption, so I am wondering is anyone has had continuous success or problems with septic tanks in Bakersfield.  

Absorption rate for most neighborhoods shows an very strong seller's market that doesn't seem to be shifting much to the buyer's advantage. 

Hey there everyone I was just wondering what the Absorption rate is for commercial multifamily in Greensboro NC?

It does however depending on what the competition is like and the absorption rate of homes sold or loans done in the area too.

In fact, I have some institutional numbers on absorption rates and analysis I have done (which I will post later this week) which also indicate these unfavorable areas as better investments.

You should do a great job at presenting how the market is performing and detail the absorption rates in your market and what type of offers are getting traction. 

If you have the deep pockets and marketing saavy, plus demand in your area for affordable housing, you could bring in new homes on the 21 Mortgage park financing program but the absorption rate might kill you.  

@John P.Our absorption rate is under 2 months, vacancy 0% and 2-4 unit multi's are selling below 6% cap rates.There is no low hanging fruit up here in Logan.But Tremonton and Ogden both still have room for opportunity.