We all know the United States economy has taken a hit these last couple years which has directly affected the housing market.  Recently within the last few months however there have been different observations within the markets across the country.  Steve Morris, founder and CEO of Exit Realty predicted a change to occur in 2009; thankfully it looks as if this prediction is coming to life.  According to a headline in the Exit Recruiter, a publication by Exit Realty Corp, International, "the storm has passed...the recession is ending!!!"

I for one agree for the most part with Mr. Morris.  The great Alamo city of San Antonio has seen some very impressive improvements, especially over the last few months.  Home sales have seen a rises in numbers such as 9.6% in July alone in the greater San Antonio area; a stat not to take lightly.  The affordability of homes seem to be in its prime leading to six consistant months of a rise in pending home sale contracts.  In San Antonio alone, the market has seen upward trends in home sales for the last four straight months before August. 

San Antonio doesn't appear to be the only region experiencing improvements in its market.  In the word's of Exit Corp's President in the United States region, "we are definitely starting to see an upward swing in the majority of the country."  Despite the slight set back in August in home sales, the National Association of Realtors is still declaring the annual number of transactions to meet the anticipated 4.9-5.2 million transaction mark.  Considering the past years such as '07 and '08 compared to 2009, I would say these are improvements that should be warmly welcomed and recognized. 

The median income is being estimated to be $53,182; meaning nearly 75% of all homes being listed is affordable for the general public.  Unfortunately this piece of information is not commonly known in the public.

Another tremendous aid in the recovery that cannot be ignored is the buyer tax credit, and we need to extend it!  The market has largely scene improvements due to this tax credit, but still not enough people are aware of it.  In the blog link above is another link to submit your plea or wish to extend the tax credit.  We need everyone's help in this, and it will only take a minute out of your day. 

I thought these words of Steve Morris were so inspiring.  "The shock of the storm is over; the resulting recession is now ending. A brand new beginning is at hand." 

As realtors, it is time for us to show America its strength and true American spirit of entrepreneurialism by restoring confidence to our communities.  We are a highly people oriented business which gives us a advantage in accomplishing the restoration of the faith in Americans and the American dream of home ownership. 

In the words of Steve Morris, "recovery will be inch by inch....all stabilization must be deliberate."