The real estate market is always evolving, despite the decline in the U.S. housing market over the past two years, purchasing real estate remains a driving force for consumers and investors. Historically home values have moved up year over year and real estate was once viewed as one of the most stable investment. The rapid fall in home prices brought on by a surge in real estate foreclosures has changed the perception of purchasing real estate.

The home building market is filled with great purchasing opportunities for consumers who are able to qualify for mortgage. Builders have rolled out incentives and financial perks to try and reduce their inventory. Commercial properties have also been greatly impacted by the decline in the economy and both purchase and lease opportunities are available at greatly reduced prices.

Flipping houses was a popular theme a few years back as investors raced to purchase homes, make cosmetic improvements and then quickly sell these homes for a large profit. Investors today may still attempt this approach if they are buying home foreclosures but the decline in demand for housing has greatly changed this speculative market.

Financing real estate has changed dramatically. Single family homes will offer different financing requirements versus an investment property, condo or commercial property. Lenders today are placing a greater influence on a borrowers credit score, down payment and debt to income ratios.