There is plenty of money to lend

I think the media has scared the heck out of potential homeowners. What first time homeowner wants to purchase a home that is going to look value and owe the government money on the mortgage.
The media should do a better job of showing where and why markets are what they are. The information they report is always a month or so behind, we all know that, the consumer doesn't. There is plenty of money to lend with FHA, VA, RECD, and even conventional loans. You might need a little money.
There is no better time to buy except at the ultimate bottom. No one can predict the absolute bottom so it would be better to purchase when we are close. We are close.

Give me your thoughts on this subject.
Ron Yarbrough CMPS(r)