re: Buy a house rite now or wait a bit longer?

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There's surely a lot of people that moved to big cities for work, can do their job remotely now, and are moving back home to affordable areas be near their parents and other family.

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NYC is really suffering hard through all this.

Louis Rossman on youtube (normally a right to repair guy, but lives in NYC and runs a Apple repair shop there) has done a great job documenting all the change going on there the last few years and especially in the last year. People are just fed up paying stupid high rent prices and there's so much vacancy now everywhere in NYC, commercial and residential. That market is going to probably crash hard in itself.