As bad as things might get, market timing is a tough business and generally not recommended with your primary residence.
Anecdotal story: The most risk tolerant person I know suggested to someone that they do the sell/wait/buy tactic for a vacation rental (Myrtle Beach, I think), when the prospective seller mentioned doing the same with his hugely appreciated NYC co-op the comment from Mr Risk Tolerant “You gotta be f–kin nuts!” (That’s NY-speak for “I think that is a bad idea, my friend.”
