It's no secret the changes this summer to the mortgage lending rules has had an impact on the real estate market. In fact it's had exactly the impact the government was looking for which was to push buyers out of the market who were not financially equipped to own a home for the long haul. This means that the existing buyers who are still in the market HAVE the financial ability to buy a home without fears of losing it should the market change or lending rates increase.
This shake-up helps the overall health of the market and, as inventory comes to the market we will see a price stabilization with buyers and sellers both benefitting. Home sellers will benefit from a savvy realtor who knows how to truly market a home and get it sold for top dollar.