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How long have you been gone? Do you already know where you want to live? How long will you be living in this abode? If you want to get rich quick in real estate, fuggedaboudit, of course, but I somehow don't think the bottom is going to fall out of the market so if you're going to be in town for a number of years I don't think it's foolish to buy. Anyone else?

Goldman,Merrill,Morgan all have record earnings. Prices are not going down significantly in Manhattan. I wouldn't buy new construction and I would stay away from less than prime locations.

we just bought a home in park slope and intend to hold on to it for a long time. we may have to
move in two or three years for work but we will just rent it if we do.

I don't understand what everyone is saying...should I buy now or rent the first year and then buy after the first year. I'm asking if the prices will be going down again. Thanks for your help.

listen to what people are writing. if you intend to hold on to your property long term then buy but buy in a good hood. if you want to flip then rent. you have not given us enough info to help you beyond that .

October is 6 months away so you'll also be able to see what the market does in that time.