Redfin Real Estate sent a their April 2012 Roundup about current conditions in the housing market.  You can read the entire roundup online here. Below is a portion of their analysis of trends in the housing market, which suggests  the bottom has been reached.

Is the Inflection Point Here?

So the question is: has an inflection point arrived? But as we already predicted, the bottom is here. You can judge for yourself! Here’s what happening across the real estate market:

  • Sales momentum stalled: Pending sales slipped .5% from January to February, when analysts expected a 1.0% increase. Compared to February 2011, sales increased 9.2%. More recently, last week’s home-purchase index increased 3.3% from the week prior, even as re-financings fell due to rising interest rates.