The American situation is very different to that facing individual European countries. We have a central bank of our own, and it is likely to print rather than take "haircuts" off of our deposits.
If they continue to print, home prices will go up, if instead they start confiscating cash, home prices will drop. There are other factors, like the availability of FHA/USDA loans, and continued mortgage backed security buying by the Fed, but what matters most is the currency supply.
What you do is up to you. No one can truly know what the Fed has in store for us.
What we SHOULD be doing, instead of playing politics.