[l2ridehd]

I think it's a great time to buy. Never try to time the very bottom or the very top of any market. You will most always miss. However if your willing to hit within 20% of a top or bottom then you will almost always hit your target. The housing market is still moving, but % wise a very small amount. In some markets it has even started to move up. The low end of the market, (first time home buyers), is actually heating up with homes selling at or above asking price. High end market still weak, but stable.

So home prices will probably not move much one way or the other for a while, probably stay flat, but I would suggest that the downside of home prices has ended and the next move of any significance will be up. So if you have waited, planning to, thinking about it, looking with interest, or considering buying you are probably looking at your last low cost opportunity. Continuing to wait will almost certainly cost you more. In price, interest rate, deal structure, but in some way cost you more.