Just bought for the first time. Needed <350K detached house, 3/2
Couldn't get it. Just not doable in the current market. Under 500k super hot.
Townhouse....settled. But happy (other than piss poor now lol). 303K
Just putting some random 1.2¢. I feel your pain.
But...will housing really get much cheaper than it is now? Maybe, but doubt that it will be much cheaper. Yes house prices can go down, but they will eventually go up.
I just had to get in the game... however, it was right for us. If it'sright for you then I say get what you can. If not, save 'n wait.