The real estate market is just like the job market: You’re looking at statistics which means you’re looking back. We didn’t officially know we were in a recession until six months to a year into it; we have to look back at the numbers to be sure.
That’s why it’s impossible to time the market. You don’t know where you are until you look back to check.
ECRI is a great source of economic news. Unfortunately you have to subscribe at pretty good expense to get the best info. But here’s Lakshman Achuthan explaining how now is the time to find a job.