"Certainly buying plans and consumer confidence go hand in hand, so if people are getting more confident about the future, then they're more likely to buy more," he said.
The Albany area saw the highest increased percentage of those who either bought or are planning to buy a home in comparison to the other regions surveyed. With the recent increased tax credit the federal government is providing first-time homeowners, James Ader, CEO of the Greater Capital Association of Realtors, Inc., said he can see why.
Ader said he can tell that the market is getting better judging by his business alone.
"I would tell you my numbers tell me the market is getting better," he said.
Not only has Ader seen an increase in interest of buying homes, but consumers taking the steps to make purchases more willingly than in previous months.
"It's really just been as recently as June that we saw that increased buyer activity turning into contracts of sale," he said.
While the numbers appear to be getting better, Ader said the Capital District started off with an advantage in that the area was not hit as hard by the economic decline as other parts of the country since the market in the Capital District has been declining more slowly instead of suddenly.
"Our markets have declined for the past 12 months, but not precipitously like other parts of the country, he said.
Lonnstrom said he believes that two things happened that have affected consumer confidence.
"One is, we're beginning to see some pent-up demand, people backed up from buying for quite a while, and there are now great bargains out there," he said. "So we got two things that maybe are looking up for us. So the two of those things together are starting to move us forward.""