Very seldom do events like the past 2 months create a wonderful time to take advantage of the real estate market. Why?
Low interest rates
Abundance of capital to loan
Buyers market (with more homes for sale in the market than usual, sellers are lowering their prices, some properties are on the market longer and sellers welcome offers)
With properties that need upgrades, retailers of plumbing, electrical, lumber, window and doors are discounting
With the downturn, trades people are ready to show up and give a competetive quote
I'm sure you can think of other reasons to buy now, so why not act and save yourself some money?