For the past few months, economists have been studying facts and figures to determine when the struggling real estate market will finally begin to recover.  Based on his review of the current market, in particular, the leads and sales figures for his company in June, Weichert, Realtors president and founder James M. Weichert is convinced the housing sector has entered the recovery mode.  Weichert reported that June was the company's best month in terms of closed transaction sides in 22 months.  In the month of June, Weichert.com also attracted more than 1.5 million unique visitors, its highest total ever. The previous high was set in August of 2005.  
The company also reported that the average attendance at its open houses was up more than 18 percent in June from the previous year. "Right now, the market is being fueled by an increase in sales of popularly priced homes as a result of the tax credit for first-time buyers.  But to keep the housing recovery going and to also stimulate the overall economy, I still believe the best approach is for the government to take similar action to get the repeat buyer market moving again," says Weichert.