Right now mortgage interest rates are at an all time low! Why wait if you are in the market to purchase a new home? With interest rates so low, housing prices are dropping you can pretty much find a home cheaper than renting.
No one can predict the bottom of the real estate market so take advantage of these great housing opportunities.
So we advise everyone to look at their own situation of pros and cons of homeownership before making that decision to buy or sell. Don't panic...make an informed decision.