“The flippers are getting out, but the real investors with deep pockets still see tremendous value in some of the price drops around the country.”

Interest rates are expected to be stable.

According to Freddie Mac, the 30-year fixed mortgage rate will average 6.4 percent in the fourth quarter and change very little in 2007. Freddie’s prognosticators say 30-year fixed-rate mortgages should average 6.5 percent, while the rate for one-year, adjustable-rate mortgages will be about 5.5 percent.

Others are seeing the possibility for an interest rate cut early next year.

Here’s the take-away.

“If I was a buyer looking to live in the home, I wouldn’t worry about trying to time the market,” said David Stiff, senior economist with Fiserv CSW.