The news is in and it isn't good. Housing prices have fallen significantly, the worse decline in over 20 years. That's bad for homeowners, good for buyers. That is, if you can afford to buy and if you can find a willing lender. This isn't everyone's problem, only those home-buyers that are on the verge of having enough income and cash on hand in order to buy the home they've only dreamed about. There's a lot to take into consideration here, and I suggest that those interested in how to think about buying a new home should research this as much as possible. Just so there aren't any surprises when it come time to pony up the money.
Here's an article I wrote about this. It might give you some new ideas for how to determine the amount of money you need. For new home-buyers, it's a rough market out there, so check it out. This article is written on Helium.com and may be found at Down-payment Basics
