wait,many houses will drop 10% over the next 12 months,look at what houses are actually selling for not what they are addvertised at,ive just bid somebody 30k less than the asking price on a house and they accepted straight away,overpriced by the estate agents etc,they dont have anything like the asking price in the property unless baught recently so they WILL take a bid,as they are still winning.
there are some houses round here,nice 300-400k ones in the country that have been on the market or over 12 months now.
the bubble has burst,prices will drop.negative equity is the future for many many people unfortunatly.