Is it a good time to buy a house?

Uncertain times became even more uncertain this week with the stock market volatility.  Obviously consumers have a lot of questions, and KCAL9 viewers weren't shy about asking KNX Business Reporter Frank Mottek for his advice today on whether it's a good time to buy a house. In fact, it was his very first question.

His advice:  Indications are that the market is bottoming out or close to bottoming out. If you have decent credit and a good job and are able to put down a down payment, it's a good time to starting looking around.