Tom is getting the same question over and over - "Should I buy a house now? Or, should I wait?" He likes to hear folks be cautious when buying a home, but facts have come to light regarding the real estate market that may mean waiting is not the best choice for them. Inventory is at critical levels (meaning prices will continue to rise) and interest rates will go up. These mean that buying a house will soon be even more expensive to do. Buying a house sooner rather than later might be a better strategy.