Seller's Market
I got an email today stating "It's still a sellers market and buyers are anxious to act while interest rates are still low." Yeah, well, that's nice, but the thing is, in the home market, the vast majority of sellers are buyers, too. When a person sells his home, he usually needs to buy a new one. There are exceptions, of course. Real estate investors, who tend to own lots of homes, could sell a home without needing to buy a new one, but likely wouldn't, because they make they money on rent. It's pretty hard to rent out a home that you don't own anymore.
So the bottom line is that a seller's market is a bunch of baloney!