What are you trying to buy and where? Some areas are doing bad and if you wanted a fixer you might do alright there or could get started making low ball offers anyway. If you are looking for a neighborhood that is having relatively strong sales activity and a move in ready house, start looking at houses with the best comparable list prices and most market time in July to get your finger on the pulse of your target market and target home type.Watch out for price reductions and jump quickly and/or drop tons of low balls and check back every couple of weeks.
I don’t know if it will work out this way but I think it gives you the best odds of the least worst deal for 2008.Dare I say it? depending on where and what, you might even get a good deal period.You might not want to do all that and just find a house you like and buy it. Either way, waiting until later in the year should work out better price-wise.