I love it when I get a call from a buyer and they tell me they are waiting for the prices to drop. With the current market, buyers who have been waiting for ‘the prices to drop’ have priced themselves out of some very nice homes. They have also given up thousands of dollars of property value increases. If you are ready to buy, make of list of what you must have and determine out of those ‘must haves’ what you can compromise over. Unless you build a home to your specifications, you are not going to get it all. And with current building costs, you still might have to make compromises.