At any given time there are good reasons to buy or not buy a home. Knowing which direction housing prices are going is no easier to determine than whether the stock market goes up or down. The best we can ever do is study fundamental economic currents to make the most informed decisions. Hunches, the media, and the “buzz” can quickly escalate into full-blown herd mentality. With the current iteration of buying frenzy proceeding at full speed, buyers who have waited so long to embrace home ownership are panicking that they may have missed the boat. But wait…Isn’t this the very same behavior that brought on the housing collapse? Sort of, minus the unscrupulous lending and banking practices. At the end of the day, if you are dying to become a homeowner, there are good reasons to do so.