This is a question posted by more and more people involved in the real estate business today. Four years ago during what most considered the worst recession, real estate has plummeted down to its lowest point. Layoffs and closing of businesses have brought about more and more jobless people that a huge percent of foreclosures and inability to pay mortgages has become rampant.

Four years ago at the Realtors Conference and Expo in Florida, it was reported that foreclosure filings have increased to more than 80% compared to the previous year with the home sales decreasing to 42% down compared to the year 2005. These facts only show that the market is facing a terrible setback. The only positive thought among real estate people is the belief that once the real estate market hit its lowest point, there is no other way, but to go up. True enough after these trying times, foreclosures are trending down. This is simply because when prices of houses are at the lowest – more and more investors are looking to take advantage of these worthy investments. Today, home sales are going up. Banks are prevented by law from entering into a real estate brokerage that protects the consumers.

The National Association of Realtors or NAR has become a tireless advocate when it comes to ensuring the access of easy home ownership that is healthy for consumers and investors. Four years ago, the organization was looking for ways to give relief and assistance to struggling homeowners wherein they can access financial assistance that is both affordable and manageable. They were able to come up with a proposal or a housing plan where repayment for first-time home buyers on taxes are eliminated. At the same time, the plan also calls for expanding the credit of people buying houses making the mortgage loan more permanent and affordable. Their efforts were not in vain.

Four years after, the real estate economy has geared towards the much-awaited recovery. However, there are still tough times ahead. NAR is appealing for an extension of the Mortgage Debt Cancellation Relief Act which is going to financially help already struggling families pay off their mortgage loans. Other than this, a reform is necessary for the federal government to come up with affordable housing loans that will support credit-worthy families especially when private loan companies are not willing to finance their home sale.

Locally, selling and buying houses is looking up especially at this time. More and more people need the services of home inspectors to ensure a faster and better sale or purchase of houses. Typical services like radon testing and termite testing in Atlanta are in demand. Yes, better sales are on the horizon. Quality houses are up for grabs. It is vital that all the more at this point going onwards, the real estate business must ensure a stability that will benefit not only the buyers but the economy itself.