Doubts about my current market...

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In the town I live in now, the local economy is heavily reliant on the military and with the significant impacts related to potential military cuts my instincts are telling me not to buy here now. Do you think I'm being too risk averse? If I don't buy here I have a few options:

1. Buy in the nearest larger market (1-2 hours away). 

2. Disregard distance as a consideration and buy somewhere where the deal looks good. 

3. Not buy anything until I move to a new location (1-2 years and no idea where I'll be sent). 

Can anyone offer any thoughts or advice? Do you think I'm being too risk averse regarding my current market?