For buyers, do not waiting to pounce on good deals, as the housing market may be "at or near bottom," and using the inventory of homes on the market and sellers' anxiousness to sell to bargain more effectively. Make your purchase contract contingent on the home passing inspection, and obtaining buyer financing, etc.  Do your research on the local market, noting asking and selling prices, and don't overlook "diamonds in the rough" -- residences that aren't cosmetically attractive, but have good bones.  HOPE Lending has a referral team of professionals to help you with what ever your needs might be.  We welcome your questions and look forward to serving you.