You may need to rent in the meantime because of your job changes but I wouldn’t just quit looking and sit on the sidelines.  

Those that sat on the sideline missed tremendous gains.When the market is hot, the most important thing is not to speculate. 

No one can predict/time the market, and you don't want to be waiting on the sidelines indefinitely.

I don't know your exact situation, but if you have cash on the sidelines, you could potentially invest in a syndication delivering double digit returns.

Don't sit on the sidelines, but if you can't find a deal for a few months, don't worry about it too much. 

@Steven Wetherill I would encourage you to proceed with caution but also understand that trying to time the market can leave on the sidelines indefinitely. 

Ask them to take a Chill Pill, put any bitterness and money issues on the sideline until the dust settles and don't let money cloud their lives.It is very difficult to acquire properties and simple to dump them for pennies on the dollar.

The alternative is that you sit on the sidelines and wait for the winds to shift in favor of buyers but timing the market can be a difficult task as patience is a virtue that many of us do not have the luxury.

But, don't wait on the sidelines, because years could pass and you'd have wasted that time. 

But, I don't think you should sit on the sidelines.