Sell as fast as you can. Take advantage of the temporary dead cat bounce in the market. Take the money and run! Rent, park your money in a CD or high yield money market, put a portion, say 10 percent, in gold. Rent until the end of 2008, then assess the market at that time. There is no reason to buy any sooner. You might be surprised that you can afford a home where you really want to buy.