U.S. home prices continued to fall at the start of the year, pushing Standard & Poor's Case-Shiller home-price indexes down to new post-crisis lows in February.
The Case-Shiller index of 10 major metropolitan areas fell 0.8 percent in February from January. The 20-city index was also down 0.8% from the previous month. The U.S. housing market has remained mired in a sluggish recovery despite weakened home prices and interest rates that are hovering around historic lows.
Talk to local Realtors. How is the market in your area? If you buy a house now, can you expect its value to increase in the future? Is this a good time to buy?
Talk to people trying to sell a home. How difficult has it been in this market?
Talk with financial institutions about interest rates. Could they possibly go lower? What do rates look like for people with less than perfect credit? Is it better to own than to rent in this market?