Local real estate professionals in  the Brooksville, Spring Hill areas of Hernando County Florida aren’t saying for certain that the end of tumbling house prices is at the bottom; however, market activity is increasing in all areas of the Tampa Bay region and affordability continues to be the key success factor for those wanting to purchase a home.

I am seeing the previously owned home sales volume in our home county of Hernando rebounding. In our part of Florida, some of the sales are returning very strongly but most of that is attributable to , both foreclosures and traditional straight sales.

The St. Petersburg Times recently reported that some markets such as Hernando and Pasco Counties have increased activity resulting in bidding wars over foreclosures, short sales and new to the market presently occupied homes. There’s no other way to put it but we’re have a housing boom here. But is this a real sign of improvement? There are a lot of things that I look at daily and I certainly wouldn’t call it a turn-around until I see some kind of leveling in prices and we’re far from seeing that here in hard hit Hernando County the foreclosure capital of America.

Here home prices are still declining; however, it’s signs like these that breathe life and hope back into our local economy. For housing sales is our number one industry here in this bedroom retirement community.

The saving grace is that the pace of decline in a lot the indicates that we have been looking at like job growth, which is almost non existent here, and therefore price declines. Prices are not falling as quickly as they used to, so certainly that’s promising.