That's not for sure. Low interest rates drive prices up or prop prices up. To find the ideal time to buy you have to know the future: if rates are higher than they're going to be, you can buy at a lower price now and then refinance when rates drop. Of course, knowing if/when rates are going to drop is the hard part.
This is spot on, housing prices around this area have increased in some cases to insane levels but they were increasing already pre-pandemic.
Overall, with a lot of research and searching, I found a good buy under a very special set of circumstances (at least I hope--there could be hidden issues but I've been very thorough). Some other homes have inflated to ridiculous price points around the area (as if they weren't already incredibly high).
It's always a balance looking at interest rates and price, so you have to be careful. Also, there's nothing saying the pandemic won't completely gut the economy and housing market in this area for years to come or even indefinitely. It's possible rates could drop lower. I'm currently betting that in the long 30 year run, it won't, for a variety of other situational reasons. YMMV.
