When opportunity in housing is mentioned, opportunities in housing purchases come into mind rather than the opportunities in housing sales and within the context of housing purchases, opportunities usually refer to low prices.
Low pricing in housing, although not very common, is not a myth as well. Housing prices, usually along with the falling prices of the commodities, do hit rock bottom every several years of so. As the commodity prices are usually regulated by international stock markets in our globalized world, one should watch out the indicators of such a period of opportunity more at the global level, rather than at the domestic level.
Low prices in housing is also possible commonly due to a decline in the housing sales, which can occur at the national level or local level. This is mostly due to a high surplus in the housing supply that is far more than what the purchasing demand can meet. Thus, one should seek for such a a period of opportunity at the domestic level.
Means of financing a house may also refer to an opportunity as most of the buyers today need financing to complete a housing purchase. Thus, low interest rates, which are usually a result of many complicated economic factors ranging from political events to real economic data, may offer opportunities for the housing buyers. In the global world of today, interest rates are also affected by international factors, however one can still find good domestic opportunities given the incentives granted by the national and local governments.