Deciding whether or not to buy a home is as much about the current market as it is about your personal circumstances. The question is not “Is it the right time to buy” but rather “Is it the right time to buy for me?”

Once you have done some research into the state of the real estate market, I recommend that you consult with a financial planner and a real estate professional who can recommend a solution based on your personal circumstances.
There is no universal answer when it comes to deciding whether or not to purchase a home. Everyone’s personal circumstances are different. What makes sense for one person may not make sense for another.
Trusted professionals can help by listening to your needs and recommending a solution that addresses your circumstances and concerns about the market.

The strategy that you, your financial planner and real estate agent come up with should reflect that there are certain combinations of market conditions and personal circumstances under which you should strongly reconsider buying.