Supply continues to remain in dire numbers, at 28 percent lower than one year ago. Sellers are at a huge advantage and the average U.S. home is selling for higher than the asking price. Rates are hovering around 3 percent and home values continually rising, waiting to purchase could cost a small fortune. Trends vary so reach out to your real estate or mortgage professional for more information on your local market. Be prepared and ready for whatever the market brings.