Should You Wait To Buy Until Spring?

Not really, and here's why.

1. The inventory of saleable homes is shrinking and with it goes the large assortment to choose from.

2. Average selling prices are rising and that is projected to continue.

3. Mortgage interest rates are projected to rise making the price of home you can purchase shrink.

4. Rental rates are rising. Owning a home versus renting is a good way to increase wealth and getting on the  track sooner makes sense.

5. Though the primary reason for home ownership should not be as an investment, a home purchased today is very likely to be more expensive next year and thereafter, making the investment potential good.

Looking back a year from now, a purchase today may look like a very smart move.