The real estate market has not experienced favorable circumstances the last three years. Many markets have seen rampant foreclosure and a lack of demand bringing their property values down over thirty percent. But sources in the National Association of Realtors and recent news suggest that the real estate market may be on an upswing.

Lawrence Yun, lead economist for the National Association of Realtors, believe the same domino effect of price dropping that brought the U.S. into their current housing crisis, will reverse and become a domino effect of increased sales. Yun believe the real estate market began its recovery in California several months ago and has set a chain reaction to other states like Colorado, Kansas, Minnesota, Missouri and Rhode Island, who have all seen a steady increase in sales last month.

The President of the National Association of Realtors, Richard F. Gaylord, is also optimistic that the real estate market is seeing a steady comeback. Gaylord believes that affordability of homes is what’s bringing buyers back to the market. Over the last three years homes have dropped over thirty percent in their value in many cities. For example a Miami Beach real estate that cost $350,000 dollars in 2005 could now be selling for $245,000 dollars. Though Yun’s California’s increase in sales effect has not hit Florida yet, the increasingly affordable real estate will likely attract demand back to the market.

While recent positive findings in the real estate market are certainly something to be optimistic about, Lawrence Yun warns real estate enthusiasts that the recover of the real estate market may be subject to “market disruptions”. The credit industries’ woes often negatively impact the real estate market and Yun believes it will cause fluctuations on the real estate markets road to recovery.