There is still quite a large number who think there is more downside potential than upside, and for reasons as solid as bricks and mortar. Trouble is there are two variables; interest rates and prices so it’s become a bit of a roll of the dice for some. If your instincts tell you to wait, then wait and keep your ears to the wall for signs of a change. Another option may be to explore possible areas that already give you that discount you may be anticipating. Foreclosures, fixer’s, short sales, areas tipped for upside potential. I’ve just posted to see if anyone knows about lease options. I am tired, depressed, frantic, disillusioned, frustrated, but am determined to extract what is owed me for my patience and due diligence. Home ownership isn’t everything, and does come with more than just a high price tag, so not all is lost if you don’t buy.