Renting "may" be the right way to go but unfortunately that can't be determined until you discuss your long and short-term objectives. You see, if you are going to only be in the area for 2-3 years renting would most likely be your best decision. If you are going to be in place for 5+ years buying may be the best alternative. I'd say 30%-40% of buyers I consult with should rent based on their financial goals and objectives. My objective is to help buyers determine which is best, for them, not to sell them a house. I know if I help someone today and through the years they are likely to appreciate my professional help and come to me when the time is right to buy a home.
Today's market offers many unique opportunities whether that is a great interest rates or an overall "buyer's market". Some sellers are more negotiable than ever and that can be of great benefit to buyers. If you would like to discuss your options further please let me know. You can also visit my blog for more about me and my services.