Denrama, if you're renting right now, buying almost any time is a good time. Renting is just throwing money away. If you're buying and plan to stay in the house at least five years, it's a good time to buy. Interest rates are historically low and prices almost everywhere are down. I really don't know of too many areas that haven't been adversely affected by this market. If I can help you in any other way or recommend a good agent to you in the Rochester area, please let me know.
Happy New Year!
Century 21 Princeton Properties