What are we waiting for?  History tells us that the people that do well are those that don't listen to the media, and don't join the collective "people think".  They are the contrarians who do what others are not doing.  Buying stocks when others are scared of the market gets them a great deal.  People like Buffet who avoid the frenzy of hi tech stocks when others run them up beyond value and get stung, teach us the better way to behave. 

Now look at the real estate market across the country: Global Insight, an economic and financial analysis forecasting firm's current housing statistics indicate that the US housing market as a whole is undervalued by 3.8%. They analyzed 330 metropolitan areas in the US and found that 241 metro areas experienced price declines in the 3rd quarter of 2008.  The markets that were the hardent hit were in areas that were the most overvalued 3 years ago.  This study represented 78% of all existing housing units in the US.

Low interest rates and increased affordability make today's market a buyer's dream!