I know so many people who are waiting for the bottom to come along before they buy, but in reality, unless you are looking at daily numbers, you won't notice the trends which are being formed until well after the fact. There may be better buys in the future for some properties, but there are many subdivisions, such as Seaside, where the homes were not purchased so much for investments, but rather, lifestyle, so we never saw people buying in there for quick flips. If you see something that you like, and you can afford it, why not buy it? If you are looking for short term gains, you might try your daily search at bleedingproperties.com, upsidedownproperties.com, etc. (I made up those names, but you know what I mean.)