All signs are showing that the market is starting to stablize.  Buyers are coming out and are looking to purchase real estate.  Prices are still down, which is good for buyers.  I'm seeing multiple offers on foreclosure properties - and properties are going under contract in less than 10 days.  As long as the banks don't flood the market with the foreclosures they have ... they trickle the foreclosures on the market, I think we'll start to see the market recover (increase) by year's end.

It's a great time for first time buyers to buy.  With the government's $8,000 first time buyer credit and property prices down - don't wait until the market starts to increase - you'll miss the bottom of the market.  We are, I believe, at the bottom and prices may start to increase by Fall.