One of the market indicators in the real estate world is referred to as “inventories”, which simply refers to the number of available properties on the market.
And in recent months, the number of houses on the market has been at a high level, thus indicating that the market is down, and buyers have the advantage. But according to Michael Braga, those numbers may be looking a little better for the short term. The problem is, there are many unprocessed foreclosures right now, and when these homes hit the market, it will significant increase the available inventory levels.
You can read more on Michael has to say here.