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Even though home prices have tanked and are still sliding downward, we’re starting to see signs that home values may be rebounding from their historic lows. Although the article cites a drop in home sales, it also cites a slight shrinking in the inventories of unsold homes, which could be the indicator in a slackening in the slide in home values that we’ve been seeing for the last six months.

But, if home values are rebounding at all, that means that it might be time to start perusing the real estate listings for bargains that can be snapped up as either rental properties or investment properties. Despite the problems in U.S. real estate markets, real estate will always hold at least some of its value because no matter what, people will always need somewhere to live. Just as people will always need utilities, food, water, clothing and medical care, people will always need a roof over their heads. What makes real estate hold its value is that it is a finite commodity. After all the livable land is used up, there’s really no practical way to make more.

Although the news in the world of real estate has been uniformly bleak for the last half of 2008, there may be a glimmer of good news when it comes to real estate listings. This morning I heard on the news on NPR that the U.S. inventory of unsold homes has been steadily shrinking for the last five months. What does that mean to the housing industry? Well, once the inventory of unsold homes is exhausted, there will be more demand for new homes and the chance for the sale of new homes to start growing again. It’s crucial for Americans to begin buying new housing because the housing industry is one of the primary engines that grows the U.S. economy. More homes being sold means that companies like Home Depot will be selling more building supplies, which means jobs for Americans.

A rise in housing sales also means more jobs for carpenters, framers, plumbers, electricians, laborers, salesmen, and the management of housing construction companies. A rise in home sales will simply be good for America, which is one of the main reasons that economists and politicians watch the rise and fall of real estate listings so closely now. So let’s all keep our fingers crossed that America’s housing market begins to bounce back sooner rather than later. For more information on this hopeful phenomenon, check out this article I found in The Wall Street Journal: http://online.wsj.com/article/SB122226123307770911.html.