Did you buy a house this year or recently?

NO,I didn't. The house here is expensive. I'm in China.

I'm curious as to why you say it is a bad time to buy? The market is flooded with foreclosed houses and they are awful cheap. That plus the government incentive (I think it has been extended), it seems like a win win to me. Unfortunately I'm only 17 so I don't have the money to buy one at the moment but for a first time home buyer, I think now is a great time. However, I can see why it wouldn't be for a person selling a home and buy a new one. But that same problem makes it a good market for people only looking to buy.

I didn't. but we were thinking of selling ours and get a bigger one hubby didn't want to do it right away though we are not sure if it's good time to sell for price is dropping due to recession I heard it's getting better now that recovery is on the way so maybe buying a house now is not a bad idea before prices go up again

We've not bought a house recently, but hope to rent one by this time next year. The economy is bad and so it's getting more and more difficult to buy a home because of it. We are definitely going to wait until we've saved up a few month's estimation of rent before we go out and look for a place. We assume it'll be anywhere from $400 to $1000 to rent a house here, so atleast $1000 to be saved, and that's not even counting money for other expenses such as turning on the power, etc. Different areas are being affected differently I am sure, I've not been listening to the news lately to find out how the housing market is doing.