Price is the major concern for sellers, COST should be your primary concern as a buyer. You need to take into account what your monthly payment will be, considering the price of the home AND your interest rate. Waiting for prices to bottom out, while interest rates increase will cost you more over the life of the loan. Fannie Mae, Freddie Mac, the National Association of Realtors®, PMI and the Mortgage Bankers Association are all projecting interest rates will increase. It's a good idea to speak with me now to determine how an interest rate increase would affect your buying power. That will help you make your decision. Call me at 410.529.2900 or email me tom@mctearrealtors.com