I was lending money in 2008 when the housing bubble burst and I thought those were some strange days. Now we are seeing limited inventory and creeping interest rates AND a jump in prices of almost 17%! Read more here.
If you own a home now, you’re in a pretty good spot. If you’re in the market to buy, be prepared to have sellers accept other offers – I have heard some crazy multiple-offer stories here in Texas and I am guessing other popular areas of the country are similar. Work with a Realtor who understands what you seek … and let me know if I can help with the financing!