I would agree with most and say that it depends on your motivations, how long you plan on staying in your home, etc. But, for some non-biased advice, if you check out Money Magazine in April 2009 issue (this month), you'll find what the predicted housing trends are. According to Money, the Indianapolis housing market is only expected to go down about 0.2% (and that will occur in the next 6 months). Many of the listed cities aren't supposed to make a comeback for a couple years still. So, if the motivation and timing is right, it sounds like the market here would also have your back. I wish you the best.