Timing the market is always difficult.  In fact, other than potential lucky breaks, timing the market perfectly is nearly impossible.

Real Estate is like any other market.  Over the shorter term, real estate values fluctuate.  We have seen times in the recent past, such as in 2008-2010 where property values dropped.  In some cases, values dropped 30% – 40% from prior highs.  These large drops did occur after then historic property value increases.

Over the long term, real estate has been one of the safest, best investments.  Long term, real estate has outpaced inflation.  Due to safe long term gains and potential short term risks, there is no set answer to the question above.

When considering a real estate investment, it is more important to think about timing in your life scenario: rather than market timing.

If there is a chance that you may be moving in the next 2-3 years, purchasing a home may not be your best bet.  +