My Perspective On If Its a Good Time To Invest In Real Estate: A Good deal is a good deal at any market cycle, it just may take longer to find. And it also depends on your financial situation. When I'm analyzing a deal, I always remember that there is cashflow, depreciation, appreciation and tax benefits that all tie into your return. The only immediate visible one is cashflow, which is difficult to find right now. So if you can find a property, and say it breaks even in the cash flow category, you are still getting principle paydown of your mortgage. AND if you look at it that way (AND can stomach the breakeven/potential loss of cash each month to sustain the property) you can always refinance once rates go back down. The catch is, no one knows when rates will go back down. There's a saying: the best time to plant a tree was 20 years ago, the second best time is today.