If you are thinking about getting into the housing market, either to buy or sell, I am certain you have heard the buzz about how crazy things are right now. Available houses are practically non existant. Just to put it into perspective, there are usually about 4-6 months worth of home inventory on the market. Currently? THERE IS .9! Yes, that is LESS THAN 1 MONTH. The rules of supply and demand are driving prices up, just about every offer is a bidding war, and until recently, mortgage loans have been at record lows. Home loans are hovering at about 3.25-3.50% which is still a pretty good rate, but market forecasters predict the rates will continue to climb. Perhaps this will even out the market? Only time will tell. Click HERE for a look at the January 2021 Local Market Update.