It depends...while I agree with the previous answer and feel that the market is improving gradually, I also see a glut of homes on the market & a significant amount of REO/Foreclosure/Short Sale propeties. If you're an investor, this is very positive. If you're a first time buyer with good credit and can qualify for one of the many programs that are out there, this is also very positive. If your credit is not good, unfortunately, you are going to miss out on some great deals! A sweet spot is there for those who can take advantage of it! YES!