Moving to Las Vegas - Housing market on fire

[Christopher Sellar]

Hello All!  

BTW, the Bigger Pockets community is amazing and thank you all in advance.

My wife and I are both active duty military and moving to Las Vegas in Feb. The housing market, like most places, is hitting new all-time high after all-time high. What are all your thoughts on buying right now?

Personal factors:

- combined housing allowance is increasing with market so this gives us more wiggle room but doesn't mean we will pay more than we should. 

- we have access to VA loan, so no money down required.

- we have 5 children so school district is huge. (On base housing is not an option)

We are looking at $500-550K homes that were $400K or less not too long ago in fear that it will dip back down. The plan is to hold long-term (10+ years) and renting out once we move in roughly 3-4 years.  There are so many factors within the market that we feel somewhat stuck in this decision (market at new highs, speculation of hyperinflation around the corner, etc.), that we are considering renting until it all pans out...

Sorry for the long post. Any suggestions are much appreciated. If any of you could me a recommendation on a realtor in the area that would be great as well!

Thanks again!