Today’s surplus inventory of homes seems to be shrinking. And when that surplus is gone, today’s extraordinary opportunities for buyers will come to an end.

According to the National Association of Realtors recently reported that one of its primary forecasting tools for home sales showed it’s largest increase since March of 2004. “It appears buyers are becoming more comfortable, sensing the timing is good and that their local market has bottomed out,” said David Lereah, NAR’s chief economist.

As home sales grow and the slowdown eases, increase demand will end the buyer’s market and the extraordinary opportunities for home shoppers will be gone. Indeed, we already are seeing small signs of increasing prices for land, materials and labor.

No one can predict exactly when the buyer’s market will end. But the best way to take advantage of today's rare combination of a surplus of homes, low interest rates and availability of unhurried personal attention is simply to get your move on right now.

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