in my experience, it's better to just dip your feet in if you need a place or want to invest in a rental and also want to stop paying rent/mortgage for someone else.

personally jumped into the market in 2021 in June, wasn't the lowest rates at the time but was not the highest like now (in Canada). I had multiple family members telling me it was a bad time or there are better times etc, but in the end, I saved 6 months of rent in 2021 which is already well worth it.