Great time to buy. I am seeing super low lot prices, so new homes are becoming more affordable then existing. This will keep foreclosures high. Expect two years for the lot inventory to start to disappear. Hopefully, foreclosures should start to drop as the economy stablizes. Once these two things happen, prices will start to climb again. I expect that interest rates will slowly increase starting later this year. If they don't when prices do start to climb an increase in interest rates could stop it immediately. This latest dip is just a result of increased demand as buyers rushed to get the rebate. I am seeing increased demand in the last month, so I expect that numbers for june will look better.