Time to buy!!! With all the uncertainty in the housing market, buyers have been staying away in droves.
While the reaction may be understandable, it's not necessarily smart.
Some buyers should be taking advantage of the situation -- not sitting on the sidelines and waiting for prices to fall even more, says real estate analyst. It's not necessarily a wise decision. If you've got good credit, a plan to stay in the new home for a few years and your dream house in your sights, snap it up.
"If you're renting right now, there's a really good chance your mortgage won't be much more than your rent in many areas," says real estate analyst. "You'll get a tax break, and if you stay a few years, you'll see it start to appreciate as well."