If it's for your own use, buy something you like and reasonably priced for today's market value. I wouldn't try to time the market for primary residence for fear of being priced out. Who knows where the market is headed? It is arguable that prices will come down due to wide-spread unemployment. Also arguable that prices will go up due to the belief that WFH is here to stay, so folks are looking to get something bigger and cheaper (ie. further).