Sitting and waiting is the poor man's advice. What if it never goes down? If you wait to buy later when you old, what's left for you to enjoy?
If you want to wait, park your money so it may grow for you. Buy a home now, fix it up and rent it out. When the market is right for you, sell it with a profit and buy your next house.
Or buy flip, buy flip till you come up.
You need to learn what additional to add to a home for added value. Like a home that just needs a front door and landscaping out front to add value, you go and do just that while putting it back on the market. Make possible $15k on that sell n buy another one to flip.