Are you looking to own your own home, or make money investing in real estate? If you're talking the former, and you can afford it (20% down-payment, non-ARM, co

Are you looking to own your own home, or make money investing in real estate? If you're talking the former, and you can afford it (20% down-payment, non-ARM, comfortable monthly payment), then I'd probably do it personally. If you're doing it as an investment, I'd hold off unless you have a lot of money invested already and are looking to diversify. "They" are saying that home prices may slide for another year or two at least. Of course, "they" are often wrong...