Ilyce says there are four ways to know when the housing market is recovering:
1. The proportion of home buyers and sellers evens out;
2. Home prices stop falling;
3. Home price start rising;
4. Home buying activity increases.

Are you seeing changes in your local real estate market? What would be a sign of a housing recovery to you?

Read the full article with information from the Appraisal Institute on factors that affect the value of homes and the housing market.