One key thing to not get trapped in is to compare current house prices with the highest house prices. It will make a middle income home look like you're getting some great deal when you might not be.
International Level: New Activist / Political Participation: 14 1.4%
March homes sales dip
Mortgage News
The housing market paused in its recovery, but buyer demand is increasing.
Source: Bankrate.com » Mortgages
My sister just bought a house at an incredible great price! She saved for many years and never lived on credit so all those sacrifices payed off when she was able to buy her house CASH, no mortgage!
International Level: Specialist / Political Participation: 43 4.3%
You have to measure this by your own ability and not what market realtors or mortgage con artists tell you. Only you can know if it is the right time to buy.
International Level: Senior Politician / Political Participation: 173 17.3%
Are rates spooking homebuyers
Mortgage News
Mortgage rates, though rising, are not the only consideration for homebuyers.
Source
Home prices posted a 12.2% annual increase in May, the biggest gain for any 12-month period in more than seven years, a report from S&P/Case-Shiller says. Ref. USAToday