There are many deals to be had in the market right now. Rates are still somewhat decent if you look at the situation from a historical perspective and many buyers are sitting on the sidelines waiting to get back in. Unfortunately for many, they will likely get locked out of the market when they decide the time is right due to interest rates being too high, or because the type of loan programs they were hoping to use to buy (such a zero down) are no longer being offered by many lenders.
Short sales are abundant in the market now and you have an opportunity to go after these properties and possible achieve significant savings on many of them.
I guess our question would be what you think a deal is and what you are expecting as well as looking for (price, area, house type, etc.)?