This is the time to buy.  Will prices get lower?  In some markets yes, in some markets no, honestly it doesn’t matter in most markets because the prices won’t get much lower even if they do decline some more. 

If you sell Real Estate and you can afford to, buy some.  If you sell Real Estate and you can’t afford to start talking to people, sending mail, and blog or whatever other avenues you have to tell people that it is the best time to buy. 

The news today says there are a record number of foreclosures.  Hooray, for those people that can afford to buy.  Real Estate is not going away.  The population is not disappearing.  In fact it is growing.  As those foreclosure properties are absorbed (bought) which is already happening at an increasing rate, the prices will rise again.  Every indicator says so. 

This time you won’t be able to say, you wish you had known.