Two thougths for you – a stalled real estate market is not like a stalled car, which just sits there. It is more like a stalled airplane, which … well … you know.
Also, old business people like to say “You make as much money when you buy as when you sell.” This means – even though you really, really want to go house shopping (It is sooooo much fun, isn’t it?), don’t do it. Now is the time to build that down payment for a later purchase. This is a bad, bad, time to buy.
Don’t worry about rates rising. For the same monthly payment, it is better to buy a cheaper house with a higher rate.
