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Thank you so much irvinehomeowner, jmoney, paperboyNC, peppy and soy for all your comments. We have been saving and can afford to buy, however I am struggling with such high prices and am regretting that we should have bought in 2011. I am hoping for a crash but it does not look like that will...

My husband and I are first time buyers and have been renting since 2007.  We are contemplating on buying this year since rates are low; however we are wondering if this is the right time to buy a starter home.  We toured The Peake and waiting for Sheldon to open.