Must move by July 2023. Buy now or wait?

[James Honeycutt]

Wife and I are moving to North Carolina summer next year of 2023.  

With the uncertainty of the market, I am unsure if I should buy a home NOW and rent it out until we move there, or roll the dice and wait to buy until next year. 

Any thoughts?  I keep leanings towards buy now.  Interest rates will continue to rise, and home prices will probably continue to rise too I think (slowly at this point).  Seems safer to buy something now but...I really don't know what is best...probably nobody knows what is best right now.

[Pat Lulewicz]

If you're buying in Greensboro, buy now. Will we still have 30% appreciation, probably not. But we're still on track to enjoy hypergrowth compared to the usual marker dynamics. There's a good chance that if you buy now, your original downpayment will be fully recouped, if not pretty close, by appreciation come late next summer. PE and other fund structures are heavily buying homes right now between $150K - $350K. This can only drive up our home prices.