These days, there seems to be no shortage of depressing housing news. Prices continue to fall, as do home sales, and there's a significant backlog of foreclosures waiting in the wings. As you might expect, this combination has led to some great home-buying opportunities. Many prospective buyers are choosing to wait and see how low prices will go, and that's understandable, but if you're thinking seriously about homeownership, this might be a very good time to make your purchase -- that is, if your personal finances are in order.
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