Tell me that buying a house right now is not stupid. The general consensus I've heard is that the real estate market shouldn't take much of a hit, but with a likely recession looming, I have a hard time understanding why it won't tank, at least for a short period. Our realtor made the case that 1) We're looking in fairly recession proof areas in one of the fastest growing cities in the US 2) There could actually be even more of a shortage in supply compared to demand in the near term (people scared of selling/not wanting people in their homes) 3) Our mid-range price point shouldn't be affected negatively near as much, if there is a drop vs. lower income/investment property or the luxury market.
All seems like sound counsel, and she's a friend of ours, but obviously she's incentivized to think that way.