What is the prognosis for housing prices? Is it a good time to buy?
Well, like any market, it is very hard (impossible?) to time the market exactly. If you are a long-term buyer, most commentators would say that now (fall, 2008) is a good time to come off the sidelines and start looking. While there is still softness in the housing world, the foreclosures are starting to work their way through the system and they are what is pushing prices down.
