When you get housing information, listen to your own financials before any housing expert on television.
Making a home buying decision should always be based on your own financial capacity to own a home. The home should be looked at as the cost of shelter, not an investment. The Link on the bottom says it all from one of the top Housing professionals on TV who is the CEO of ReMax a top real estate firm in the United States.
On another note for those of you bought homes in 2005 -2007 you should see housing appreciation soon per your purchase price. Mrs. Kelly guarantees housing appreciation in a 7 year period.
http://www.youtube.com/watch?v=TD2_NmPevVs&feature=player_embedded
Logan Mohtashami is a senior loan officer at his family owned mortgage company AMC Lending Group, which has been providing mortgage services for California since 1988. Logan is also a financial columnist for Benzinga.com and contributor for BusinessInsider.com