Can You Time the Housing Market? Short answer. Not very well. However, people always try to.
If you are a need of a home to buy just make sure its something you like and can afford. Never let Macro economic conditions cloud your judgement in the short term. If you can afford it and you can see yourself living there for 5+ years then you should buy the house regardless of where you think the market is going.
Source: FloridaRealtors.org
Credit: Marilyn Melia