Sherrie: As a local mortgage lender, I can tell you what I am seeing in the market right now. Interest in buying is up. My telephone is ringing much more often with those inquiring about financing, since the beginning of this New Year. My clients' general outlook seems to be more positive. They are aware that interest rates are .. and should remain .. low for financing. That said, it is almost impossible to predict the housing market future in the short term. My opinion is that there will be some ups and downs. Pockets of prices improving and pockets/regions where prices hold or dip further. Real estate, as mortgage financing, has become increasingly local. And that can mean as small an area as a subdivision or portion of a development.
The thing you have to remember currently, is that should you have the capability to sell your present home, you will most likely discover a reduced cost on the buying side as well. Only your personal financial scenario and housing situation will dictate whether the timing is right for a move ... or possible. With that in mind, my suggestion would be to talk to a mortgage lender to see the options you have available for you right now .. and for the future. By doing so, the right decision will become more clear to you.
Best of luck, no matter your decision. If I can answer any questions or be of assistance, do not hesitate to write me here ... contact me.