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It's somewhat a wash if you're selling and buying at the same time.
In real estate, people get excited by how much they will get for their property only to be faced with similarly high prices when in the market for a different house.
To profit now, you need excess reserve to sell. Buy low, sell high. That's the profit mindset. My strategy is to reduce the likelihood of urgent needs, that way I can take advantage of favorable market conditions.
The practical matter is that if you need something now then you need something now.
My worthless guess is that prices will come down near the end of the year. It all depends on if the market is ramping up production to meet demand, or if they are consolidating in preparation for a sustained weak economy.
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