Not only that, interest rates will go up this year. If the Fed increases rates by just 1%, then home prices would have to go down by 10% in order for your mortgage payment to remain the same. Prices simply will not go down by that much anytime soon.
So, waiting to buy a home will cost you money. If you have any other questions about your specific situation or if you would like to learn more, give me a call or send me an email. I would be happy to help you!