SAMHASS -
If your intention is to buy low now and sell soon, the low point in the market could be important. But for most, buying a home is a long term investment. No matter what pricing adjustments are coming in the short term, over the course of the next 5 or 10 years the market will appreciate.
In my opinion, if you see a house that meets your needs, I wouldn't let a few dollars get in the way.