With interest rates rising and more housing markets close to unaffordable for all but the wealthiest, what was a seller's market for many years is starting to become a buyer's market in many areas.

If you are in the market for a new home you probably fall into one of three categories.

• First-timers
• Relocators
• Trade-uppers

If you're a first-timer, be aware that the inventory of unsold homes is growing and negotiate for a lower price and money for closing costs from the seller. Don't overspend thinking rising prices will bail you out.

If you're a relocator, buy a house in a great school district that's in move-in shape, in case you have to move again.

If you just want a bigger home, take your time. In much of the country, the expensive end of the market is cooling off the fastest. Jump the gun and you might overpay.

Whatever category you're in: HAPPY HOUSE HUNTING!!

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