You've probably heard over and over that NOW is a great time to buy. Well, prices are down, and interest rates are good, but it's pretty hard to time the market, and there's not a bell that will ring when we're at the bottom, if we aren't already. What I've seen are stabilizing prices in desirable areas, and San Carlos is a desirable area, as is Del Cerro right next door (I live in the area). Sure prices have slipped some, and no one knows if they'll slip a little more more or go up. I look at it this way. If you're ready to move, and you see a house that you love, go for it. Many buyers are waiting on the sidelines asking the very same question you are. As soon as buyers hear that interest rates are going up some, or prices are going up a little, you'll have a lot more buyers competing for the same houses you'll be looking at. If you find a great house, chances are other buyers will like it too. You should buy when it's right for you to buy.