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Timing the market is tough, if you are willing to hold onto property for 10+ years now is the time.
It worked for me in the early 80's when the housing market "peaked"
People thought I was crazy for spending 175K on a house with 3 ocean views.
Aside from the Atlantic Ocean what are the other two oceans you can see..??
The housing market may continue to drop as a whole, but who is to say you will find the home you love. I would look now, because you may be able to get a great deal and not have to wait a year. Sometimes waiting could be missing a great opportunity. Who knows. If you want a home, negotiate and see what happens.
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