From the President of Coldwell Banker

"A number of key housing market reports have come out over the past week, and they’re giving more evidence to the belief that the nation’s housing market is at long last gaining some solid momentum as summer gets underway. This week the Commerce Department reported that sales of newly built homes rose in May to the highest level since the recession. New-home sales increased 2.2% over the month to an annual rate of 546,000. That marked the best month of sales since February 2008, and it followed an 8.1% surge in sales in April. Although purchases of new homes are only about a tenth of all home sales, the report comes amid a other signs that home buying in general is on the rise, thanks to stronger job growth, wage increases, historically low mortgage rates and a gradual easing of lending requirements." All of this is probably true, but I just read from NAR, National Assoc. of Realtors, that investors are coming into the market. This is bad news, investors are always late, just as home buyers are lemmings, Don't buy when everyone else does, by after the adjustment. Here's my personal "Chriswold" prediction (nema nema), the market will readjust in 2016. So rent a little longer and then buy after the adjustment. I know, I am supposed to get you to buy today, but if you really can't afford it, for goodness sake, wait.