Should I buy a house right now or should I wait?

With all the uncertainty surrounding mortgage rates and home prices, the ultimate question comes down to this:Yes, affordability is a challenge right now. It's true that it costs more to buy a home today than it did last year, but the same is also true for renting. This means, either way, your going to be paying more. The difference is, with homeownership, your also gaining equity which will help grow your net worth.