Owing to many difficult situations, there may be times that you have to wait, without rushing in for buying a new house. Depending on your financial status, it might be good if you decide to continue renting and then buy.
The first thing to consider before buying is to be sure whether you are secured with your job and employer. You would not be in the home buying market, If your employer is filing for bankruptcy soon. If you also think about changing job then you could be half way through the home buying process. Lenders usually treat a new job within the previous six months as a credit risk factor.When You Shouldn’t Buy a House