As an agent, I expect prices to rise slowly. As the economy improves, the inventory will change with more confident sellers moving on with their lives. The financing options will change, slightly rising interest rates. Buyers in good shape now will increase in number. Already move-in condition homes are receiving multiple offers. But for Arizona, where you are, local conditions prevail. If you don't really need a house, (which is implied in your question), but you want a house and can buy a house, you are missing the one element necessary to take action. Until you need it, you will not take action. You will try to time the exact bottom of the market locally and wait forever and never know if you were correct until it is too late.