So, we see that real estate mortgage rates trended down, then back up. Trulia, the online real estate site mentions that housing values in Basking Ridge were up 10% month over month. Gasoline is on the rise. Commodities are on the rise. Bernanke’s probably going to pull the trigger and raise interest rates. It’s certainly looking like inflation is creeping up on us.

Now I’m not an economist, but if you’re selling up (selling your home to buy a bigger home), then all the indicators tell a GREAT story to BUY. Right? Prices way down, you sell your house while down, but by %, a buy up is a great deal right now. Rates are low-prices are low.

The next question is inventory. Though low, inventory still seems decent, but certainly not what it was in the Fall.

Am I right here?

Here’s the video for December 2009. Even though the video covers national trends, it’s worth the few minutes to see what’s going on. Enjoy.