re: Buying a house

You're unlikely to find a foreclosure. Delinquencies are at all time lows. 91% of the county is under 6% on rate. Most of the country under 4-5. An absurd amount under 3.

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I will be a first time home buyer.

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Get a well conditioned home. Foreclosures aren't for the faint of heart.

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know this is probably been posted before but I'm looking to buy a foreclosed house

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FHA can require repairs and on foreclosed property, 99% of the time FHA appraiser would call some out and the bank isn't in the business of fixing up property.

I think in 2 years we'll start seeing some foreclosures with costs so high.

Rates are much better on FHA/gov loans but that also means those buyers are usually not as cash heavy to fix up a place.

I'd focus on a well cared for non foreclosure property on your first one.