My husband and I have been looking for a house for over a year now and we have not found one that we like. Since the recent news of the housing markets struggles, the environment has changed for the home buyer. You can now get more house for your dollar. The key is knowing what to buy and what not to buy. You will also have to sit on the investment for a couple of years until the tides have turned on this market. So what are some good buys and what do you look for?

Well it comes down to first off what can you afford? When buying a house you have to make sure to not over extend yourself. Most buyers get loans and such that force their payments to be much more then they make in a month. You have to remember that furnishing a home is just as costly as buying one. The factor to consider is what stage of life are you at? Do you have little kids, are they in college, or better yet out of the house? Each of these stages will add certain financial advantages and disadvantages. Lastly the ting to consider is the area that you are investing in. This is where a little forward thinking would help you out. Do you want to buy into the potential of an area or into something that is already developed?

Those are just a few of the factors to consider in this new buyers market. Good luck house hunting.