I agree with Ryan. It is a fantastice time to buy a family home to live. However, there are also some really good investment properties available at prices that make sense. These rental properties can provide a better than stock market average rate of return. Plus the additional benefits of tax deductible depreciation and equity appreciation over the long term.
All the best,
Honestly if you have the means to buy in this market dont wait, the Philly region is seeing at least 4% increases in home values each year. We are in a great market to buy a home for what a home is used for... to live in, raise a family, enjoy comfort, and build equity.. we are obviously in a buyer market with a little over 9 months of inventory, so buying anytime during this period will allow you to experience home ownership and live in your investment as it slowly grows in value.. hope this helps a little.. Have a great week. Ryan M