End of 2012 in UK AND

Q1 2012 for US. Q2 2010 was an effective bottom when delinquencies started to fall. BUT end of 2012 was a better time in both US and Europe.

Unemployment rate also peaked in 2010:

BUT again 2012 was a great time to buy RE as unemployment rate, delinquencies, and unemployment claims were falling for 1.5 years (Q2 2010 to Q4 2011).

Conclusion: Q2 2024 will be the best time to re-enter RE (provided the 3 factors above are falling)….rent until then.