Is this the right time to jump into the housing market? Prices seem to have stablized but not gone done much.?

Question

North Carolina.. Wilmington is where we are looking.

Answer 1

Prices will begin to drop when interest rates push enough buyers out of the market. The real buyers market in terms of pricing is in front of us yet. It will be interesting to see how bad it gets for the mortgage companies that made all those 100% percent loans at inflated prices.

Answer 2

Not from NC (California), but I'd wait just a bit longer.  

It seems that the market has softened, but I think, as interest rates have risen, prices will drop a bit in most areas.  I would watch the market for a few months.  Also, buy around the end of the year.  Typically, this is a slow time and sellers are a little more desparate.