I realize that doctors are in high demand. I have heard of to many times when someone has moved to a new job and when they arrive the job has magically disappeared. Others found it went away within a few months or even weeks.
All I am trying to say is be absolutely positive you have the job before you get a house. I would hate to see a doctor with massive student loans already get into a house and then not be able to pay for it. The other possible problem is you do not know the area you are looking at. Would you be better off renting for awhile and then getting to know the area choose what you want based on personal experience?
Also consider that unemployment is up, 10.2% now. Interest rates will go up and that will bring house prices down.
We have 2.7 million foreclosures now. It it projected to increase to 7 million starting from 2010 to 2013.
When you have had the job as a doctor for a year or 2 and you feel very safe in your position you are more likely to be able to buy a house even cheaper. And you will be able to find the ebst neighborhood with time to look.
<--- look lots of charts and info for you to think about.
I know to become a doctor takes a lot of committment. It takes a lot of drive and determination. You did not get there by not knoing what you were doing. Please look at the economy and what the real estate market is likely to do based on things like alt-a mortgages, subprime, arms resetting and so on. Learn what you are looking at. Then make a choice. Personally I expect prices to drop much more over the next 2-4 years. and it ticks me off. I have been trying to buy for far to long. I simply refuse to buy today only to see prices drop in the next couple of year. If I could buy a place and lose $5k it would be ok. But to lose $30k or more would hurt far to much.
<-- look at this thread. It was posted a year ago. Still active. You will see a lot of things said. Some right, some wrong. Look at some of my posts. I show some interesting links. Plus I asked made on point not very long ago. The question was asked a year and a half ago. Had they bought then they would have lost over 20%. Prices dropped that much.
Some of what I said may seem off topic. But please consider them. I only typed this out hoping to get you to think. You make your own decisions, but do it in at least as smart a manner as you did getting through school.
How much more will they drop and how much do you wish to risk losing? That is the real question you need to ask yourself.