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Deciding to buy in NJ or wait another year

Looking for more opinions on if I should wait another year to buy our first house, SFH in central NJ. The thing is, we don't really need to move. It's just that...we can. We could last year, but decided to wait because the market was too hot. Well, where are we now?

Currently I am renting a 3 room townhouse. We have been here for 2 years and our landlords have been nice enough to keep our rent steady. It is a good place for us, no real complaints.

I am planning on getting a 100% VA loan. Current Rent: $2700. Current savings ~60k Range of cost: 550-700 Location: Central NJ

I now know I shouldn't have waited last year. Houses are going for 60-80k more than they were last year. Will waiting another year help?

submitted by /u/DR_SAP
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source https://www.reddit.com/r/RealEstate/comments/lutaa4/deciding_to_buy_in_nj_or_wait_another_year/
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