I am busting a gut laughing at the previous answers. Of course agents will say buy, buy, buy. Who ever took Nancy's advice and bought in 2009 is sitting on a huge loss now in 2011.
Do the research yourself. Don't trust agents opinion on this matter. Market will decline in 2011 and beyond. No one should buy into a market that has been artificially inflated by govt interventions, tax credits, QE, etc. This will take some time to go away and prices will come to a level that actually reflects fundamentals like supply and demand.
For discussion of this topic and news links regarding real estate.... more