Do your part, BUY BUY BUY! It's your patriotic duty as an American to stimulate the economy!
Ok, seriously though, I'd start looking. With the current situation there have to be people looking to dump their house quickly. Desperation for them = good deal for you. It's callous as hell, I know. Plus mortgage rates can't get much lower. Start shopping, don't get in a big hurry, and buy when you find a great deal. I don't really see the market heating back up overnight. 
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‘07 Mazda RX8
Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc
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