As the housing market slowdown continues, the buzz is beginning in some markets about a possible turnaround. Washington D.C. is one of the markets showing signs of recovery. Inventory of unsold homes is down to 39 in a neighborhood where last year at this time it stood at 78. Housing prices are again climbing. Is this a sign that the rest of the slump may be nearing an end? Maybe and maybe not. There are no sure bets on the entire market returning to balance, let alone shifting back to a sellers market. Still, the time is likely at hand where the bottom has been reached in some markets.

If you are looking to buy a vacation home, should you intensify your search before prices begin to climb again? This article from Realty Times, while it addresses this subject about the general residential market, offers some useful homebuyer tips that apply whether you are hunting for a primary residence or a second home.

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Filed under: Buying, Market