Hi I am the owner of a gov't auctions review site so I am involved in the real estate and foreclosure market daily (tax sales too) and I believe that if this isn't the bottom in the housing market then we are within 6 month of the bottom.

Just like with the stock market or recession there isn't an obvious signal of when the bottom is in. In fact I believe and am also hearing from many respected sources that the bottom is already in as the housing numbers are declining at a lessor rate and that is the first bottom in indicator.

So I would suggest getting involved in pre-foreclosures & foreclosures, property tax sales (tax liens and tax deeds), as I'm seeing an increase interest by investors who are quickly buying up many of the the great discounting listings I see daily.