As inflation continued to rise in the month of April, so too did consumer spending. Increased inflation mixed with a strong labor market will likely lead to a federal rate increase at the June Federal Open Market Committee meeting. Home pricing may be slowing down as mortgage rates rise, but according to Case-Shiller, pricing has remained unchanged since February.

Overall, home values are up 6.5 percent nationally from last year and housing prices are 7.8 percent above the housing boom of 2006. However, pending home sales have fallen 1.3 percent in the last month but economists believe low inventory to be the blame.

With home values well above last year’s average, now is the time to cash in on your home and see what it is worth on the market.