What is the housing market going to do? What is the best time to buy a home?

We are looking to buy a new home (primary residence), but are anxious given the state of the housing market these days. There is a house we are particularly interested in, but it is a new listing and we aren't sure the sellers have felt the full effect of the soft market yet. How long should we wait... show more We are looking to buy a new home (primary residence), but are anxious given the state of the housing market these days.

There is a house we are particularly interested in, but it is a new listing and we aren't sure the sellers have felt the full effect of the soft market yet. How long should we wait before we put in an offer? (They have already had a small drop in price after their first week of having listed the place).

Thanks
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