Summer in San Diego

With summer beginning with a heat wave, what is in store for buying a house?

Three groups are watching the market carefully: those who want a real bargin, even a 'steal'; those who don't need to buy right now but who would if they thought the market were at bottom; and those who need to by now because of a job, kids, schools, money in the bank.

I doubt that we are at bottom, bottom. There is just too much uncertainty in the world. But if you intend to stay in the home you buy for at least a few years, you are making a mistake not to buy now.
Think about it: you would have the tax savings that interest and taxes afford you if you buy now. You would be paying down your mortgage from the beginning, thus building potential equity. And the list goes on.

I know of some terrific bargins in this market, and some of them are not going any lower. The sellers just won't take any less.

Let me know what you think.