I sold very few homes to buyer clients around the peak. i told tons of people to rent and wait. I told clients to sell and rent for a few years. Now I am telling those same clients its time to start looking to buy.
The persist for a few years is the key but that doesnt mean wait a few years and then head out. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.