It doesn't really matter what the home prices are today or what you think they might do in a month or six months. History tells us for more than a hundred years that the cycles are mostly up and when they set new highs, the bar starts there and increases in an upward trend with very few occasions of it falling for any length of time. The Wall Street Journal's Campion Walsh wrote an article on January 11th claiming that home prices are seen as rising in '07. What that means for those waiting to get into the game is that unless you're actually waiting for a natural disaster to level the exact four square block that you've had your eye on, there's no better chance to own a piece of the American dream than today. Five years from now the prices you're looking at this very moment will likely be so low, you'll kick yourself for not having bought.
