If you have good credit, some dough, and are looking to buy a house, it is clearly a buyer's market. Mortgage rates are below 5% and housing prices are down in many but not all areas.
Personally I see this as a brief moment of optimism not something to get one's hopes up over.
Reuters: Market extends gains after housing data
The housing data added to the optimism sparked earlier by the unveiling of a U.S. government plan to relieve banks of money-losing assets to revive the recession-hit economy
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