The next 6 months will be the sweet spot for purchasing. I suggest you take time to finish your financial house keeping. Pay off bills, Pay any liens or judgments, and limit your spending over the holidays.

The best plan is to have a pre-approval, before you go house hunting. That will take all the uncertainty out of the experience.

NAR is trying diligently to persuade the Senate to increase the FHA and Fannie Mae loan limits, before the end of the year.

The Feds may have to lower the discount rate, one more time, this year.

When you add all the factors together.....there is likely to be a tsunami of purchasing going on in 2008. Get their first!

Life isn't about waiting for the storm to pass,
  it's about learning how to dance in the rain!!