Trying to time any market is always difficult. The real question you should ask is if this is a good time to buy. If you are buying as an investment, it is still uncertain. If you are buying a home to live in, this is a pretty good time to buy. Prices are lower than they have been in years, interest rates are low. If you buy now and live in the home for a few years, the probability of making a profit is pretty high (although still uncertain). The truth is that with the combination of low prices and low interest, homes are much more affordable than they were. - Wed May 27 2009, 22:47