Better Priced Houses are not sitting in the market

You hear all the bad news! Of course, the foreclosures are up to record numbers and when the loans are reset for people in the next 2 years, these numbers will be up.
The economy is also not showing a very promising picture what with job cuts in manufacturing and also service industry (as they mentioned as of Feb 4th 2008).

But for the first time home buyer, the interest rates are low, Sellers who have to move have become realistic and are pricing their houses right and there are choices. You do not have to make the offer almost immediately.

No one has the crystal ball to predict and therefore, if you like something and can afford it, A good time to buy across the board.