Contrary to the media attention focusing on the doom and gloom of the housing market, there are some important things to note.

Location is still key to buying real estate. There may be thousands of homes for sale but you probably wouldn't want to live in them. Established neighborhoods, great schools and thriving businesses can weather any economic downturn. Even so there are opportunities out there that weren't there 2 or 3 years ago.

Stocks may be uncertain at the moment but as anyone with an eye for the future knows buy low and hold. Overall trends indicate recovery and instead of waiting for the smoke to clear, research a great neighborhood, pick the best deal and sit back and relax. Take advantage of great financing rates....it's more affordable than you think.