The Associated Press released an article today stating the national averages show the Real Estate market has hit bottom and is slowly climbing from the bottom.  According to the article, the market has rebounded from a low in January to the most recent statistics of June.

January vs June:

Home Sales up 28%
Price up 10%
Sales up 3%
New Home Construction up 113%

They do warn that an increasing unemployment rate and quickly approaching deadline on the $8,000 first time home buyer credit could significantly slow the rebound.  All in all, these are good signs.

Article:  http://www.cnbc.com/id/32249022