The latest reports show that sales of homes went up in Apri in Hampton Roadsl.  Buyers are starting to buy homes.  The prices also had a slight increase in April.  Generally prices and sales do go up in the spring.  Hopefully this trend will continue and we are starting to see an upswing in real estate.  The only way to know if we hit the bottom is to see an increase.

The report also stated that first time homebuyers make up the largest increase in buyers.  The federal tax credit has been a factor in first time homebuyers buying now.

Only time will tell us for sure if real estate in Hampton Roads is starting to recover.  The next couple of months will give us a good idea where we are headed.