As seen today in the San Diego Union Tribune (May 1, 2007)
(link is http://www.signonsandiego.com/news/metro/20070501-9999-1n1forecast.html)
The housing market is now at the bottom - so buyers, it is time to start looking.
The economic rule is to buy low and sell high. You may think that you have lost the opportunity over the past few years to make money in real estate or just the opportunity to buy. However, historically, these cycles of peaks and valleys show a long terms effect of upward swing.