This is definately a buyers market. If you are a renter looking to aquire your first home. Now is the time to find out how it's done and get your own equity building in your own property! There are a lot of services out there waitng to help in all aspects of the process. And a lot  of properties that are available at prices you thought had slipped away forever. Gain knowledge and people that can help you now so that you'll be comfortable with the process  when you find what your looking for.