I have never bought a house before, and I really don't know where to start. I have saved for a down payment for a long time, and now it's a total sellers market here in Spokane, WA. Houses are selling for 10-20k more than asking price hours after they're listed. It's difficult to find anything, but I might get lucky - and get an offer accepted if I offer more than asking. But here is my dilema.. I'm afraid the market is going to crash, we're going to get a recession, something, and wonder if I should wait. It can't be a sellers market forever, how long could this possibly go on? Would it be worth to wait a year or two, and keep savings, or would my savings just be worth less in the long run? Any advice?
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source https://www.reddit.com/r/RealEstate/comments/daqz54/sellers_market_should_i_buy_or_wait_spokane_wa/
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