Is this the bottom?

Recent statistics from The National Association of Realtors showed a 7% increase in home sales for the month of July! That's the fourth straight month of home sales increases and that's the highest increase since 2005 which many believe to have been the peak of the market. Click here for the article from NAR. Every day I receive updates of reduced prices on some terrific waterfront properties and many buyers are finding sellers willing to come down substantially form their list price. Whether this is the absolute bottom or not is very tough to say, but there is no doubt that some terrific deals are being found and many who thought waterfront property was out of their financial reach are finding some very solid properties they can now afford.