Many experts believe that now may be the best time to purchase a home. Home prices are down 25% in the fourth quarter of 2008 compared to the same period in 2006. Meanwhile, the new economic stimulus bill passed in February includes an $8,000 credit for first-time home buyers. Mortgage interest rates are also making housing affordable, with the rate for a 30-year fixed rate mortgage moving below 5%, according to BankRate.com.

Many experts also believe that now is a great time to buy a car, as automakers are desperate to clear their lots for next year’s models. Auto demand is down by about 33% since October and dealers have a ton of excess inventory and bills coming due soon. Meanwhile, incentives from manufacturers have never been as strong as they are today with 0% financing, cash rebates, and even a no-hassle return policy if you lose your job at some companies!