I think some others jumped the gun on their advice by saying you should not buy because you do not have enough saved (10% down). They assumed (perhaps correctly) that you had no other assets than the amount you mentioned for a down payment.
Before suggesting that you have no business buying in your situation I would ask how much you have in other assets (401k, IRA, brokerage accounts, etc).
If, for example, you have 2X the amount you have saved for down payment in these other accounts, I would consider buying, especially if the place you buy could be rented out nearly break even or positive cash flow.
The retirement accounts can serve as an emergency backup and if the property could break even you have a contingency plan.
I don’t see a problem buying prudently right now with less than 20% down. I would not be in big a hurry, though.
