What are you waiting for?

May 11, 2011 - PRLog -- Interest rates have continued to climb from the low 4% to the present 4.8-5%. Housing inventory continues to go down and in many areas is below a 5 month supply (6 months is considered healthy) and prices are inching up. In some neighborhoods I am even starting to see multiple offers being submitted on houses.

As I have stated in past blogs, you will never know when a housing market has reached bottom until it is on its way back up. If you continue to wait hoping either prices or interest rates go down you are doomed to disappointment. I think, and this has been verified by people much smarter than I, that we have seen the low in all categories and are on the way up.

I cannot speak for the rest of the United States but the Dallas, Ft Worth housing market is alive and well.

Mary Beth Harrison, www.dallastexasrealestateblog.com

# # #

Whether you are buying or selling a home in Dallas, or you are relocating to the Dallas area, the The Harrison Group is here to help.