it all depends how financially stable you are, and if you feel comfortable with mortgage payments.
DID YOU GET Pre-approved already? Knowing you numbers is a key factor.
Most likely we are stabialized, and price will be stable for a while, however low interest rate, Tax credit $8000, tax deductions, homeowner exemptions, and building equity are safe bet that you would make a wise decision.
Not only as Realtor I would say Yes to buy, if you have your funds together and would qualify for decent rate. but YOU DONT want to be pushed to last dollar and be frustrated with high payments, therefore honest evaluation of you own finance situation is best measurement.
The Benefits are obvious to buy if you want to move forward. But being comfortable with payment and HOA dues is another thing.
FIRST I would recommend to check with mortgage broker how much you can be approved for to get an idea, and take it from there...its free, without commitment and without affecting your credit score.
Please feel free to ask me if you have any other q., We also do 20% INCENTIVES from commission this spring, yup I need to mention that.:)