In spite of a small climb in housing inventory, pending home sales rose 3.1%.  Inventory levels, however, are still low.  So, we won’t be seeing a big change in prices until there are more homes to sell.  If you’re thinking of selling, it’s still a good time.

Mortgage rates are also on the rise—increasing from 3.5% in 2015 to 4.25% today.   It’s all relative though, as Steve reminds us that 4% interest rates are still low enough to make the cost attractive.