Is it actually going to happen? Is the housing market finally on its way to recovery?

The word on the street is that now may be the cheapest time to buy a home. Whether you are looking to buy a condo, invest in a real estate, or buy a single family home, it may be time to consider making an actual move on your dream.

Housing prices are down 34% across the nation since 2006. As everyone knows, mortgage rates don’t get much lower than where they are at now. A chief economist for PNC Financial predicts that home prices will level out by the third quarter and then start rising by 2013. Nationally, asking prices for homes has already risen 1.4% in the first quarter of 2012 in comparison to the end of 2011.

What is leading to the possibility of the housing market strengthening?