Housing Market Burst?

Not related to metal trading, but looking for a second opinion.

Went full time a couple of years ago / not bothering with details have been having a lucky spin of events, in a very good spot currently. I've maxed my tax-deferred and looking to get a home, I know nothing about the housing market. Ive rented my entire life, have good credit, fairly young, and willing to buy with no financing without dumping too large of allocation for my own taste.

My current view on it is with interest rates should I be looking to buy or mortgage in next few months. Current interest rates seem too appealing to not atleast consider some lucrative moves, especially depending on the area. However given I'm new to this market leaning towards buying a few rentals and/or just buying land lots and sitting on them as safe holdings.

Regardless since you arent getting business from me would love to hear some masks off forecasts on overall US housing

From a quick glance it seems to be overall a sellers market right now (generally) or is location really everything and comparing all of US housing ridiculous since every location works off its own b/a

Any comments/advice would be appreciated thanks.

My base case is for there to be a housing bubble. The current period somewhat resembles the recession in 2001. Rates went down after the collapse of the Nasdaq bubble and a byproduct of lower rates was the housing bubble. Rates dropped this time to support the economy, and the service sector in particular, and as a result we've already seen a huge uptick in real estate demand. I recently purchased another investment property and my mortgage officer said it's been incredibly busy since about June so low rates are clearly helping housing right now.

I'm not especially confident in this prediction as I think real estates can be difficult to predict. Historically real estate has lead the broader economy so its tough to predict the leading indicator if you follow what I'm saying. And mortgage rates can't go too much lower so if rates creep back up they'll be a headwind.

I agree a mortgage is the way to go given rates are so low. One thing to be aware of with real estate is property taxes can be pretty substantial depending on where you live. Where I live property taxes are almost 2% of the property value so if you have a $1m property you could owe almost $20k in taxes. Just a word of warning to someone new, overall I've had a positive experience with rentals. BiggerPockets.com is the place for real estate investors if you want to learn more about rental property investment.