I have been in this business a long time and believe the next 6 months will be a great time to buy a home, that is if you need one. Interest rates are low and prices are more reasonable than they have been in years.
History has shown that a home is a very sound investment over time. No one knows what prices will do, some say they will continue to drop, others say they have bottomed out. Fact is no one knows, but I would venture to guess that rates have the potential to go up at any time. So if you are in the market don't try try to time the bottom and miss out on attractive interest rates.