Isaac mom,
Yes, the house prices had dropped quite a bit but those houses in good school district are always on high demand. You pay more for a good neighborhood, better facilities, management fee and accessibility. My hubby does not like townhouse as he dislikes the idea of paying HOA fee per month. He likes to buy a house with good infrastructure, good size, in good neighborhood and not too far away from public transport (because I don't have a driver license yet) and I already know that it may take years for him to find our dream house. It's a good timing to buy a house now but you still need to take some time to think and find the most suitable house for your family. Remember, it's not just the price of the house you have to pay, there're some other spending such as repair (if it is not a new one), tax, etc.
花旗太太生活在花旗國,留意時差,你問我未必即時答到。