Home Builders, a very important signal in the housing market, "haven't felt this upbeat since the waning days of 2005". Jim goes on to talk about how rising...yes more restatement that home prices are rising...are making the professional investors in housing(the home builder) very bully on the market.
Note: Interest rates should stay stable. Jim's words: "we don't see mortgage rates moving material higher in the short term" .
If you have been hanging around the fringe of the market, it is time to act!
Though each local market is different, interest rates are the same every where and every market is improving. Some much better than others but all are on upswing.
So act know before you are on the wrong side of the curve!!!!!