[aphextron]

It depends on your market. But if you are in an under appreciated housing market in a decent size city with good growth potential, and you have secure income, now is a great time to buy a home. With the recent fed rate cut mortgages will be at an all time low (if you have good credit and can get a loan).

[Macintosh007]

I’m in Minneapolis. And the prices just keep going up and up.

[bvandewalle]

Prices should go up and up on average since there is on average a national inflation of about 3%. If it goes up about 3% only you just come out about even (well actually you lost "purchasing power" since buying a house comes with a tons of fees).