I try to stay up with the statistics on home sales, by reading the articles of different experts on when they think things will turn around. So what is really going on?

Home sales figures indicate that everything is looking better. Sales have increased over the same time last year from 7% to 21% in past months. The figures are also telling us that in some areas home prices are stabilizing and in some cases increased. But one of the most recent articles I read said it will not be until 2013 before real estate market turns around.

So what the heck will it be another two and a half years before we see real estate getting better? Home sales figures in past months are inflated because of the tax credit. Over 40% of home sales are because of the tax credit and we will still see these inflated numbers through June and perhaps July.

I believe that each market will dictate its own future. Areas like Florida where home sales figures went through the roof years ago will take longer to turn around but are already seeing some positive swings in increased sales. Asheville Homes and areas like Waynesville Real Estate that did not have as crazy inflation in years past will see a faster turnaround and are currently seeing more activity.

The good news for Buyers is that home prices are at an all time low, interest rates are the lowest they have been all year and banks are lending.

Because new construction has almost stopped within the next two years we could see a shortage of homes and this will start a big swing in building that will put a lot of people back to work and home prices will start increasing at a faster pace.

Well years ago when the stock market started having its problems I asked my broker what I should do? He said George I do not know! I must admit I do not know how fast it will turn around and frankly I do not believe the experts know either but I do know that it needs to be a slow process to have a lasting impact.

We must keep in mind if the experts are right and real estate will not be turned around until 2013 the process needs to start at a point long before that date and I believe it has.