Below is a graph of the Case-Shiller Home Price Index through February 2012. It includes both the Composite 10 and Composite 20. Below the Case-Shiller graph is the Housing Affordability Index through November 2011. The affordability index compares the median priced home to the median family income.
Prices could certainly go lower, but it appears to be a decent time to purchase a home — if you’re going to live in it for a while…..