Being Bought out by Commercial Investor. What to do next?

[Bill Buzzell]

Hi everyone, I got an offer too good to refuse on my house by a developer who plans to build 3 story apartments on the land. Only downside is that buying a house now is so high it's almost not worth the effort it seems. I have a clause allowing 2 months rent free and $1000 a month rent for up to 4 additional months, thinking/hoping house prices will start to come down and buy then. 

Any ideas about what to expect from the market in the next 6 months? Is my strategy a good one? Should I maybe rent for a year or 6 more month to find my deal/dream home?

How would you approach this situation?

Thanks for any help or suggestions.