This is a tough article to read, http://online.wsj.com/article/SB10001424052748704723604575379463676740680.html very dreary outlook on the housing market. I say, let's make lemonade from this historic time in our economic outlook. This is the time to buy, buy, buy but only if you have the ability. No one should buy just for the sake of buying, there are bargains to be had and avenues to make this the opportunity of your lifetime. Sure qualifying for a home loan has gotten tougher sometimes even grueling, but choose a Lender wisely; someone service oriented. Someone that will drive across town to meet with you and will go the extra mile to show you that you are worth the effort and you'll fair just fine.