Finance rates are at a historical low, housing has fallen 50% off it's highs over a year ago... but it could go lower.
It's impossible to predict a bottom, and who knows how many more foreclosures and bank owned homes are going to hit the market this next year. Are you looking for a second home, and keeping your first home?
Not sure what we're going to do. we can't sell our current house because we've lost so much equity, yet we need the extra space. Every lender we've met with is requiring atleast 5% down which is all fine and dandy but I don't want to take the risk if the market isn't going to come back next year.