This interest comes on the heals of a NAR (the National Association of Realtors) report in December that said sales of previously occupied homes in the U.S. rose 4% in November from October, topping expectations. And inventory of previously owned homes listed for sale fell 5.8% to 2.58 million, the lowest level since May 2005.
If the market have not turned around many experts agree that they near the bottom: "The housing-price bottom is probably in sight," Goldman said in a December 15 report. Housing prices might decline by 3% next year before beginning a rise, Goldman says. The bank predicts gains of 30% over the following 10 years, not taking inflation into account."
For long term buyers this may be finally time to act.