One advantage of buying a used home is that you have price comparisons that can be made. Whereas new homes are built in a new area (up and coming neighborhood) and has no record of comps to compare it to. However, when building a new home you have options to have it built the way you want it. The house will cost more upfront to build, but it'll be the way you want it. You also wouldn't have to worry about wear & tear on a new house. There are benefits to both, such depends on what you want and willing to sacrifice. There is no point in trying to time the market and the right time would be when you feel is right.