Get in NOW!!!
1.) Home prices are going to start to go up again, they already are in my area. 2.) Interest rates are very likely to go up substantially, maybe not by January, but they will be going up SHARPLY!!! Trust me on that. 3.) ONLY take a FIXED RATE LOAN. Do not screw yourself with a variable interest rate. 4.) Make sure you spend the money on a good home inspection. it is money well spent. 5.) Make sure you buy a house that is low maintenance, i.e. brick, or sided with anything other than wood. Painting a wood house every couple of years is a major pain in the neck. 6.) Since energy costs are going to skyrocket in the next couple of years, look for a house that has decent newer energy effecient windows and LOTS of insulation in the attic. Good luck to you. Home ownership rocks!!