Market conditions not so bad

5.92%
Average interest rate on a 30-year fixed-rate mortgage during February 2008, compared with 6.29 percent in February 2007, according to Freddie Mac.
68.6
The median number of days it took to sell a single-family home in February 2008, compared with 66.1 days for the same period a year ago.

As you can see the market in terms of interest rates is better than last year at the same time. Interest rates are down while prices are still down as well. The average number of days that it takes to sell a home is about the same. The market is quite favorable for buyers still and market analysts are seeing an upward turn, a slow upward turn but a turn non the less.

Information curtisousy of the San Francisco Chronicle