Home sales have declined 74% since 2005, naturally as the prices decline; the sales are beginning to rise. In Tampa Bay, Hillsborough County, Florida the home prices are replicating those from 2003! With the home prices looking the same as they did 6 years ago, what would stop you from taking advantage of the deals that promise to be short lived?

First time homebuyers are jumping in with both feet; enjoying the low sales prices, low interest rates and the $8,000 tax credit and investors are grabbing up the deals, providing homes for the onslaught of renters that are slipping into the rental market and putting a few extra bucks in their pocket, as well.  

Although real estate sales figures differ across the nation, one thing is certain, the inventory is beginning to decline, and as inventory declines prices will begin to rise once again. At the moment the sales prices are midpoint, which is to say that half of the houses on the market sold for more than the median price of $201,400, the other half sold for less than the median price.

The home buyers are returning, and inventory is shrinking, don't be the one that regrets not getting in on the incredible deals of today.