You are a Freeper.
You know the news.
What does your gut tell you?
As others have mentioned here, it depends on where you are. But in general, I think the housing market is improving. It is doing so for several reasons, most of which have zero to do with Obama although the First Time Home Buyer’s Tax Credit is helping somewhat. The economy does what the economy does and politicians can either slow it down or speed it up. They cannot, however, determine its direction, at least, not for long.