No one can predict the future in all certainty but we can take a look at the facts and make educated guesses.
*Interest rates are still relatively low
*Home prices are generally on the rise
*Inventory is low
What this means is, it's an attractive time to buy right now but there is a lot of competition for well priced homes. A strategy for home sellers right now is to actually price their home below market value to get multiple offers. Buyers are bidding each other up, driving the cost of homes up. If the inventory was higher, there could be a chance for selling prices to dip a little. Interest rates could go up though!... more