Some real estate agents tell me this is a hot market. I agree. It can be hot if the clients and customers the agents are working with are able to price their property according to the market. And their buyers are qualified and ready to buy today.
How many are actually able to do this? The statistics tell us that many homeowners are underwater on their homes values. But also consider many homeowners own their real estate - outright.
Many sellers are able to offer their real estate for sale at great prices because they have no debt on any of it.
Experienced buyers know what to look for in a sellers property, when the two knowledgeable groups get together, it becomes a hot market.