You've probably heard the news that July home sales were higher than June home sales and that prices on Riverside homes for sale are up. Prices on Chino Hills homes for sale are up. Prices on homes are up all over. What does this mean? It may mean that buyers, especially first time home buyers sensed that the bottom was reached and they stopped waiting and started buying. They're right. Low interest rates could end at any time. There is no more expectation that financing will get any cheaper and banks seem in no mood to sweeten the deal on any of their inventory by accepting low bids.
The money seems to be on "buy now while you can"