Yes of course it will move upward, it is only a cycle.There are many opinions but only, when the inventory gets low then the prices will start to rise.
Roxana Kamber (Coldwell Banker, Florida)
It is not just the price! Historically a home has always been the largest personal investment. You have to remember that it is usaully a long term investment. More important than that is the interest rate you pay for the loan. If you wait for a home to drop 10% and the rate goes up by .5%, you pay more for the home over 30 years. All indicators are there too for the rates to rise. Inflation and Oil prices have traditionally been the tell tale signs. Buy now, don't wait! All values go up and down, look for value in the market.