Trying to time the Southern California real estate market?

With many reports indicating that San Diego, Riverside and Irvine-Anaheim-Santa Ana are the most 'bubbled' markets in the Nation, many potential Southern California home buyers are waiting for a pop before buying a home. Of course, many potential buyers have already been waiting a few years for this pop. So, is it possible to time the market? Probably not, but you can at least hedge your home buying bet with the right research. Some advice I recently read suggests following the OFHEO (Office of Federal Housing Enterprise Oversight) House Price Index. This index can help you determine if prices are rising or falling in a particular market. (Money)

Visit the OFHEO site.

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