8 home-buying tips for 2012 The housing depression has produced roughly 5 million foreclosures and short sales on underwater properties, and wiped out over $7 trillion in homeowners' equity. But realtors say the spring 2012 season is starting off on a positive note. Activity is increasing as motivated sellers are sensing that the time to purchase homes is now, meanwhile eager buyers want to cash in on homes with low mortgages before rates head higher. And with experts predicting the housing market to bottom out this year, the spring bloom will certainly bring out buyers. If you're ready to jump into the housing market, these tips can help you find a home that's right for you, your family and your wallet.