According to a recent Reuters story, the Standard & Poor’s/Case Shiller composite index made up of 20 metropolitan cities priced declined by 2.2% in March, while the Conference Board said the consumer confidence index declined to 57.2% this month. So what does this mean for home buyers? Good news!

For the seller it might be a bit of a wait and see game, but theoretically since the market isn’t completely stagnant if you’ve priced your much more likely to see a sale.

For anyone thinking about buying a house, this is an opportunity you need to recognize. Don’t be too complacent thinking the market will continue to slide and if you just hang on a little longer you’re more likely to see even a better buyers market.

The Commerce Department says that new home construction single family dwellings actually rose in April. That’s the first time in six months, so that may be indicative of a change to come.

If we’re being honest the markets been a bit of a roller coaster the last while and so whether it’s time to buy or not becomes a bit of a guessing game. But one things for sure the opportunity that presents itself right now is pretty sweet. After all a drop of 2.2% can translate to substantial savings.

Whether right now is the right time for you or you think you should wait just a little longer, is up to you, but don’t make the mistake of holding out too long because when the market makes a correction it’s usually swift and you just might miss your opportunity for the best mortgage rates at the best sale price.

One thing’s for certain it is most definitely a buyers market!