During the depths of the housing sell off, when the market was mired in misery, we were one of the few voices of hope. Back then, we were convinced the market would recover and that the prices that prevailed offered exceptional opportunity. Fortunately, we were right on both accounts.

We're still bullish on housing; plenty of opportunities still abound. That said, not all markets offer the same opportunities: some markets are good values, others less so.

We know that many Realtors and agents are active in housing on their own behalf. Renting, rehabbing, and flipping are natural outgrowths of selling. After all, it's rationally worthwhile to take advantage of unique insight and information.

It's also worthwhile to know who's in the market. We've noted in past issues the influx of institutional investor money that has entered residential rental real estate. The large hedge fund Blackstone alone has spent $4.5 billion to buy over 26,000 single-family homes to rent.

The large influx of money has driven up home prices in some markets to the point where value is tenuous, which has prompted some money to leave. Bruce Rose, CEO of Carrington Holding Co., was among the first investors to put institutional money into single-family rentals, but now he's reversing course because rising prices have lowered returns to the point where the risk is no longer justified in the markets where he operates.

The point we want to emphasis is that value matters (it always has), and that a growing number of markets today offer fewer values compared to what was offered in the recent past.

 Courtesy of Jessica Regan.

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When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.