Rather than doing what everyone else is doing, do what's best for you. A cross-country move for a job transfer or because of a mere sense of adventure may not be the best time for a home purchase. Get to know your new community first, see which areas best suit your needs and budget. Consider a short-term apartment lease if you're uncertain about buying options. Timing the market.
Some buyers try to time purchases for the market bottom.
Such market timing has generally proved unsuccessful with stocks and has no more appeal in real estate. Similarly, some renters feel pressured to buy when mortgage rates have dipped or market conditions are favorable, forgetting that these positive factors aren't a one-time occurrence. Changing marital status. It's often not the time to buy a home for both financial and psychological reasons. Recent credit disasters .