I will add my usual comment

[peterb]

I will add my usual comment of caution in this market. Take a quick read of this guys analysis and see if you buy his logic:

http://www.howestreet.com/articles/index.php?article_id=7871

Remember, if you’re bottom fishing, RE does not turn on a dime. So you’re safe in waiting for some reversal indicators before you buy. But, if you really want to own a house and you feel quite confident that you will keep your job in the next few years….prices are lower than they’ve been in 5 years, etc…