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I believe it is extremely smart to purchase a house right now, I just did.
a) The market has never been in the buyers favor as it is now. When going to the bidding table, you can easily find a seller who needs to sell ASAP -- getting the deal of a life time.
b) I just closed on my house with a 3.7% 30 yr fixed rate -- $100 down. ... beating a 3.7% rate would be a miracle.
c) While it takes a while to find the home you want, being picky can land an awesome deal. I just closed on the home, after doing minor work ($3000-$5000) my appraisal will jump almost 20,000$
All in all, buy a house. If you are a seller, just hang on to the house, lol.
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