How smart is it to buy a home today? This depends on your needs.
Ask yourself these two questions:
Do I think home values will be higher a year from now?
Do I think mortgage rates will be higher a year from now?
If the answer is “yes” to either question, you should strongly consider buying now. If the answer to both questions is “yes”, you should definitely buy now.
There are many things to consider when buying a home. However, from a purely financial aspect, if you find a home that meets your needs, buying now makes much more sense than buying next year.