On Wednesday, Congress attempted to fix the housing market by suggesting homeowners work out a deal with the lender to pay less. And the government - using 300 billion taxpayer dollars - will back those loans.

Here locally, real estate brokers say the government continuing to bail out homeowners is not the way out. One real estate broker says that for the national housing crisis to to be resolved, it needs to fix itself.

Fortunately real estate broker Sam Vedete says not too many people in this area are having to worry about a so called "housing bubble".

Sam Vedete says the local housing market, compared to the potential national crisis, is more than stable.

"Money is still available. Money standards have gotten more restrictive," Vedete said. "But certainly an individual who is qualified could go out there and obtain a loan and purchase a house cause the lending rates are still low... in this area."

Vedete says if you're looking to buy a home, despite what your hearing on TV, now may be as good of time as any. There are plenty of lending tools and assistance available for first time buyers.

"New York State has the Sunny Mae Program, and many people might be eligible for that program at a reduced interest rate," Vedete said. "And it's a very credible program...if you're in a position to buy a home, don't wait for housing prices to go lower. We're not in that trough that they're talking about nationally...do it now."

Vedete says if you are serious about buying a home, the first step you need to take is contacting a responsible lender to discuss what type of mortgage you will be able to afford over the next 20 to 30 years.