I'm going to be buy a house this year, and had been planning to long before the current economic issues. It works out great for me, as I'll be a first time home buyer, and prices are down ~15 - 20% from normal in this area. It also helps that I'll be aiming for a house that costs about 60% of what I'm told I can afford, even before considering my wife's income (she'll stay home once we have kids.) I think I like this recession