Housing affordability is improving as sellers now outnumber buyers by over 600,000 nationwide, and prices have dropped in many major metro areas. Mortgage rates are falling below 6%, making conditions more favorable for buyers. Building a down payment fund is crucial, with 20% down ideal but lower options available for qualifying buyers. Savings should be kept in low-risk, liquid accounts, and improving credit scores can secure better mortgage rates. The best time to buy aligns with financial readiness and long-term planning.