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Suze Orman and Oprah

The good news, Suze says, is that real estate prices probably won't go up soon. If Joanna keeps saving, she'll eventually be able to be able to buy a home she can afford and enjoy. "If you buy a home that you can't afford, it's going to be anything but enjoyable," Suze says. "Trust me on that one."

If you truly can afford to buy a house, Suze says now is the time. "I will forever believe that buying a home you can call your own in any market, if you can afford it, is a great investment. Why? Because you can't live in a stock certificate. You can't live in a mutual fund," she says. "Now is that time that you go in and you don't just get an okay deal—you get the deal of a lifetime." 

Learn more about the new first-time buyer tax credit

Struggling with your current mortgage? Find out how you can get help
 

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