Buying a home now??

[Ashish Wa]

Hello. I am based out of GA. I am under contract for a new SFR at 435k with the builder. This will be my 2nd rental. First one I closed in December 2023. Now I see lot of people ( many on youtube) are suggesting that housing market is progressing towards a recession/ correction/crash and prices are going to fall soon. I usually avoid such youtubers but I am also seeing there are lot of houses sitting in the market for a very long time and the builders inventory is also rising and at some point, they will have reduce the pricess massively. . Even if I take my example, I went under contract end of last month and there hasn't been another home that went under contract in that subdivision. Now I am really getting nervous. If the housing market crashed or even corrected, I'll be loosing what I paid as down payment(25%) on both of my rentals. If I think about canceling the contract, I am very sure I'll not get the 10% earnest deposit I already paid. What do you guys suggest?