Property buying now?

Pros:
. Inventory level is high.
. Property price in many area is at 10 year low.
. Interest rate is at historical low.
. In 2009, there is $8000 tax credit for first time home buyer.

Cons:
. Unemployment rate is high. Need to consider job security.
. Loan qualification requirements are high.
. Home price in certain area may go lower.