In the 1990s, interest rates went down from 1990 to 1996, and RE went down too. If you think higher rates would cause unaffordability in your area, then it might be better to wait for them, because house prices will compensate. If rates won’t affect affordability, and it’s purely a regional unemployment issue, house prices will go down until wages support them.
If your area is growing and housing is going to be in short supply soon, then it is probably a good time to buy.
Only buy if you plan to be there > 5 years and you are trying to get into a neighborhood.
Yes, you might save by owning over renting, but commissions and repairs could overcome that. It’s hard to say always, you gotta do what is best for you.
