When you listen to the news the prediction is the real estate prices will go up. It is hard to say for sure. If we positively knew what the real estate market was going to do we would have all made alot of money in real estate by now. The Cranbrook real estate listing inventory is down. It is that time of year, but it also shows us that the existing inventory is being bought up. It comes down to supply and demand. If there is alot of demand and not alot of supply the prices will go up. We are told that interest rates are to be held until June 2010. There should be alot of buyers prior to June 2010 getting in on the amazing interest rates while the prices are down. Probably. That is if you can afford to do it. There is also another factor that will effect all of this, and that is employment. If you don't have a job, you will not be buying. Wait on the sidelines and see what happens...being cautious is a reasonable, but beware, it could bounce back very quick.