According to The Kiplinger Letter Vol. 89 No. 21

The Real Estate Market forecast is looking good, the say:

"Housing Market's strongest spring showing in 5 years.."

" Sales of existing homes will rise about 3% in 2012, to 4.5 million. A similar improvement is likely for new-homes sales, which will reach 340,000 or so.."

"Low mortgage rates continue to lure buyers, though lending standards remain tight. The average 30- year fixed rate mortgage is down to 3.78%, the lowest since record keeping started to track rates in 1971"

" Home prices will be flat or slightly up this year and rise about 3% in 2013."

So what does all this mean, well in one small sentence " that this is the time to buy. "