We have answered this question about 50 times in the last few months, and there is more than one answer:
1.) Real Estate is a long term investment.
2.) No one has a crystal ball
3.) A lot of very knowledgable people have prophesized that the market will be up by next year.
4.) The market will not be up next year FOR YOU unless you get in it.
5.) It will make a big difference if you are looking for a home or an investment.
6.) If you think you (or anyone) can tell when the market is at the BOTTOM, please tell us.
Good luck and may God bless