SD county’s current foreclosure run rate puts us at about 20,000 foreclosures for 2008. We had 8,500 in 2007.
Check out Ward Hannigans’s foreclosure statistics page for up to the month data:
http://www.foreclosureforum.com/stats.html

Then go to Mr Mortgage’s site for information on the coming Alt A and Prime foreclosure probabilities:
http://mrmortgage.ml-implode.com/

Then explain to me why you want to buy a house before the end of 2008?