Savvy investors always seem to find great deals in the housing market. But the truth is there are always great deals out there. You just have think and act like an investor. In the last several years most areas have been in a buyer's market. However, with inventory at the lowest supply since 2005, chances are most of us are now in a seller's market. What does a housing market shift mean for home buyers?

Expect competition. Multiple offers are back. Homes with the best pricing, in the best condition, and in the best location go first. Be ready. It's more important than ever to be pre-qualified so that you're ready to write an offer at any time. An offer with a pre-qualification letter looks stronger and has a better chance at getting accepted. Prioritize. Being clear on your wants and needs is especially important in a seller's market.

You may have to compromise on some of your wants. However, you should never compromise on your needs. So work with your agent to be very clear on what you'd like to have your next home and what your "must-haves" are.

Home Sales Activity for March 2014 in the US:


Home sales activity was at an annual pace of $4.6 million with the median home price of $189,000. Home prices are down 4.5 percent from last month but are up almost 11 percent from the same month last year. The average national rate on a 30-year fixed-rate mortgage edged back to 4.33 percent.