We now have a two month trend of increased pending and sold homes, with the number of available homes or new listings remaining roughly the same. Has the real estate market rebounded? Will this continue? From what I am experiencing and seeing, I believe it will continue. The key changes that contributed to this trend is the increase in the first-time home buyer market. With homes being more affordable now than in the last 30 years (wages compared to home values), interest rates still at historic lows, and the $8,000 tax credit, I do not see any of this changing in the near future. The tax credit will continue to December 1, 2009, and interest rates do not appear to be increasing on a consistent basis. In addition, home values are continuing to decline (although at a slower pace now then earlier this year), making this a great opportunity to buy. So, if you are someone you know is thinking about buying a home, rental, or second home now is great time to consider all the facts and make the best move for you!!

Current interest rates are around 5.00%.