Worth Buying if Selling in 2-4 Years?

[Andrew S.]

I'm relocating for a job to a large US city and am torn between buying and renting. I'll likely be living in the area for 2-4 years. With rates so low, on one hand it seems a great time to buy. On the other, it feels a bit like we're at 2005-2007 levels with value and homes are priced at the top. I'm looking for a property that I can find value in doing some renovations but I'm worried I may not get my money out of it in a few years.

Any general or specific thoughts on the current market conditions or specifically thinking through buying a home for a short exit horizon?