I am preparing to buy my first house at some point in the next few months (lease is up at the end of June). The housing market here (in Indianapolis) has been crazy hot, but I'm sure it will start to cool down as demand goes down since people's income situation becomes more uncertain. Is it worth waiting to buy so that some of these home values come down? I don't want to wait too long so that I miss out on some of the super low mortgage rates that are available currently. Just hard to know whether to wait this out until the Fall or to try and buy between now and end of June. Any advice is much appreciated!
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