Underwater, resetting 5 and 7 yr ARMS originated in 2004-07 will continue to fuel the still growing foreclosure rate, not expected to peak until 2013.

Yes prices are still depressed, but everyone who was able to maintain employement and/or income is out there buying rental properties like it is the new fad - it IS the new fad.At this point, there are only normal peaks and valleys that are occuring at lower price points which are and have been steadily, if not quickly, on the rise.Thoughts?

Hedge funds and other investors are gobbling up the inventory so I'll probably not turn that into my market but I might take a sneak peak to see if there are any deals with good spreads and maybe make a deal or 2 before I head out to other markets.

@Erik WhitingTo be fair, if you started in 2005 you were buying everything at the marker peak.

You might be at a peak. 

Therefore, we pay attention to housing (and apartment building) starts, but really focus on cash flow.By the way, the cash flow numbers in our area improved as housing starts declined (prices were already dropping), peaked several months after housing starts bottomed, and then began to decline as housing starts increased as home prices increased. 

We were worried with the timing of the closing and missing out on the peak season, but bookings started rolling in pretty quick and we should finish the summer pretty much right at our projections for July/August despite the late start.The biggest challenge was finding a property.  

Tonight’s CNBC special on Colorado’s pot business has peaked my curiosity.

But then again if your timing was poor and you bought at the peak say in Vallejo you could have suffered massive loss's...

Bye bye house.