This post listing 5 Great Reasons to Buy a Home Today was just posted by Steve Harney. Steve is a great real estate trainer/analyst, and tells us why he is so happy that his son just bought a home.
Read it Here. 
Jim Little, your Sun City Neighborhood REALTOR© I try a “Little” harder

Prices have declined to 2003-2004 levels and are bottoming out. You don’t have to pay an over-inflated price.
There is still a little room to negotiate with the sellers.
Interest rates are a historic lows, but Treasury has already stated the interest subsidies will go away next spring.
Tax credits of $6500 to $8000 are still available [...]