I agree. Take advantage of the low home prices combined with low interest rates rather than attempting to time the bottom of the market.

Also, there are currently 647 homes(single family) for sale in Sandy and 247 for sale in you preferred zip code(84092). The more homes on the market, the more leverage you will likely have when negotiating a price with the sellers.

Median Single Family Home sale pricing for Sandy(84092) in 2009

Jan-$377,500
Feb-$378,000
Mar-$320,000
Apr-$348,500
May-$339,900
Jun-$398,000
Jul-$346,000

I hope this helps!

That is a question we would all love to have the answer to. Few saw this bust coming and I doubt anyone can tell you for sure when it will end. One thing we do know is that prices now are much better than a year or two ago and interest rates will surely go up again taking your monthly payment with it. Buying now while rates are low is a safe bet while guessing where home prices will bottom out is just that a guess. To me most important is to make sure you buy a house that you don't mind keeping until prices go up again. Good luck and let me know if you would like the help of an expert realtor.