I've watched the houses in south Florida get bulldozed and new houses put up in their place. I've also been studying the real estate market all over the U.S. for a few years and right now I still couldn't tell you the right answer and be confident. Interest rates are at all time lows and property values are high. I do know that alot of people are refinancing because of the low rates. As far as advice, DO YOUR HOMEWORK and feel confident when you buy. If at any time you feel that you are not "where you want to be" don't be affraid to back out. It is your money.