If you have an interest in real estate and housing market predictions, you might be very interested in watching this video. The housing market has been notably chaotic recently, including a lot of overpriced properties.
It is recommended by some that you only buy a home if you are looking for a place to stay for a long time, such as if you are raising a family.
This is because the housing market is so unstable right now that it is not a good idea to purchase a home and believe that it is going to appreciate in value anytime soon. Because the market is so unstable, you should not purchase a house if you are only planning on living there short-term, since you do not know where it is going to fluctuate to within the next couple of years.
Additionally, if you are planning on renovation in the home, this could add a lot of value to the home and make it so that when you are finally able to sell it, you can sell it for much more than your purchase price.
It is definitely not a good idea to buy a home just because you see that the market is going crazy, as you might end up losing a lot of money this way.