Are you taking advantage of the the new credit for first time buyers?  How about the low interest rates?  I MEAN THE LOW INTEREST RATES?  Under 5% in most cases!  FHA 3.5% down for 39 year fixed loans!  $8,000 tax credit and guess what?  Unilike last years $7500 credit YOU DO NOT PAY IT BACK!  Come on people depending on your tax base and the price range you are purchasing in, it is possible your tax credit could be more than your downpayment!

If you havent noticed in the neighborhoods I service the inventory is down, and the lower priced properties or really well priced homes in higher ranges ARE SELLING, ARE SELLING QUICKLY, ARE SELLING IN MULTIPLE OFFERS! Inventory low, demand high that usually means those are the signs of the previous sellers market we experienced!

I am by no means saying the market is about to turn and shoot straight up.  I am saying though the doom and gloom you hear by people that are paid to give you doom and gloom are not providing you proper and complete information.  How do you know when the market has bottomed?  Easy, when it starts going up!  That does mean however you will not be able to "time" the bottom. 

Dont sleep on your dreams!