Is a 225K single family a good buy at the moment?

[Daniela R.]

So after a lot of hardwork, I was able to save up for a 3.5% down and closing costs, and I am left with about 2K. I am wondering if a 225K single family is a good buy at the moment or maybe I should wait. I keep reading articles announcing an apocalyptic crash as well as inflation. So I am starting to get discouraged. I put an offer already though. But don't know if it will get accepted yet...there were other competing offers too.

If the market crashes what does it mean for homeowners who bought a property before the crash...how is money lost?

Also, where could I find good estimates for property tax for 2022? Is an increase of $120 a month a good estimate? How could I make that calculation? I am trying to make sure I have a solid budget setup for next year.

Any suggestions are welcome, as I am learning the ropes here...

Thanks!

Note: I hope to eventually get into real state investment but I am trying to get somewhere to live first.