I don't know the area and, if I did, that could change my advice.
In general, I do not recommend buying for only three years. Your closing costs, which includes our fees, eats up too much of the advantages of ownership. You may end up with a lower net worth. You can do the math: add up all your mortgage payments, your taxes and increased insurance, your closing costs, maintenance estimates. Then add up the cost for the same period for renting and subtract from that what your equity might earn for you in the bank (not much these days). Which is best?
I would not try to guess the market, especially from where I am here. In much of the US, it will remain fairly flat, but there will be many local exceptions. You may wish to factor in such intangibles as the value of being fluid or the pride and satisfaction that home ownership affords.... more