We know on a national scale, home price appreciation is slowing down from the past few years. Mortgage interest rates are rising and as of last week, the Federal Reserve  halted the rate hike.  Is this necessarily all bad news?  Not so, according to many experts.  The market is striving for a balance.

Is it the best time to invest in a home? Yes, if you want it as a place to live for a few years and you can afford to take the leap.  As long as you have the income to support the cost of homeownership.  We have seen people buying houses before being built only to sell them for a profit a few months later for a 20 percent to 30 percent yield.  However, a normal real estate landscape does not allow these speculators.

In a growing number of local markets, buyers have more time to think about a home before they make a decision on whether to purchase it. Last year, that often wasn’t a likely luxury.  In other words, we are heading towards a normal market where buyers are on equal footing with sellers.  This makes it better for everyone in the long run.  Last year, many buyers felt they overpaid for a property and any problems quickly escalated.  In a more balance market, both parties feel they are getting the right deal.