Home prices are coming down and so are interest rates. That is a very good turn of events for potential home buyers. The difference between now and 2 years ago, it is much harder to qualify for a mortgage. Two years ago if you had a heart beat you could get a mortgage, no verifications of income or assets needed. If you are a potential first time home buyer - even better! You will need an income, good credit, a good down payment and your own closing costs.
The criteria listed above is not a bad thing, it is a very good thing. If you are preparing to buy a home you will need at the least fair money management skills. Keeping a job, saving for a down payment, paying your bills on time, living within a budget and planning for the future are all prerequisites for being a mature responsible member of society.
If you are one of those members of society now is quite possibly the best time of your life to buy a home.