A housing buyers market?

Let's dub 2008 the "Year of the Home Buying Opportunity."

That's my glass-half-full take on what's going to happen with the residential real estate market.

But the extent of the opportunity will materialize over time. Gregory J Wilcox in the Daily News.

Perhaps market tracker DataQuick Information Systems and the California Association of Realtors provided a glimpse last week with sales and price statistics for November.

DataQuick noted that the median price across the Southern California region stretching from Ventura to San Diego fell a record 10.3 percent from a year earlier, to $435,000. (DataQuick's stats include new and previously owned houses and condominiums.)