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Realty check: Still time to get a good deal?

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    Supply dipped last month, prices on rise

  • Duration 2:18
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Are you -- the market to buy a new house well it might be tough find when -- bring new report shows there's a shortage of homes for sale.

And that short supply means that home prices are selling at a higher price and that's good in fact.

Prices right now are up eleven point 5% compared to this time last year.

So where can you still find a good deal Polonia spots three particular let's talk to real estate expert and author of best time to buy Michael -- but he joins us from LA.

Hey good morning how are you why you guys -- right.

You know what what's going on is that with interest rates so low.

That people are actually gobbling up the prices and also right now -- foreclosure rate is down in many.

According to truly dot com in 88 of the hundred top metro markets prices -- -- inventory is down so that's what's driving this market right -- let's take a look at our first house it's in Summerville South Carolina which is to the north into the west of Charleston.

-- this one is too.

49 it's five bedrooms three -- 2500.

Square freed Canadians all brick construction hardwood floors.

That really big spacious kitchen screened in porch enormous backyard it's a really good deal South Carolina still seeing a lot of foreclosures hitting the markets so.

There are still really good deals there and I -- the fortune meanwhile let's go to Council Bluffs, Iowa the state of my birth here's a house for a 180000.

Absolutely this one is four bedrooms two -- about.

-- one 800 square feet.

Open split floor plan it's got to cook's kitchen new carpeting on one point four acres and you know what your mortgage reveal on this is only about eight.

103.

A month that's pretty great and now Michael it's time for our.

Absolutely this is my pick for deal of the week this one isn't.

In Grand Prairie, Texas and it's under -- under and only 9000 dollars.

One of the pool -- stories it's four bedrooms three baths.

2300 square feet big front -- great backyard formal dining room and your mortgage payment all of -- including your taxes insurance would be about.

668.

Dollars.

All month great deal of the week that is a deal all right -- Michael thank you very much great advice on this Friday morning thank you sir.

You got it all right.

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