Question of the week: Is your market a buyer's market yet?

[Mike Schorah]

Back in May 2007, the average U.S. home price was $217,829. It hit bottom March 2011 at $169,965. May 2008, it was $200,558. May 2009, it was $186,925. May 2010, it was $183,998. So the best time to buy was was in May 2009 when the market bottomed out enough. My guess is that will happen in this market less than a year from now. What's your guess?

Edit: My strategy is seller financing.