Regardless of the market condition and even your own situation, do not buy a house if you don't plan to live in for at least 7-10 years. Anything less, your risk is much higher in general.
Having bought and then moved a couple times before even 5 years in a house, definitely follow this advice. You might see a mortgage payment that is less or equal than your rent but that doesn't account for buying/repairing roof, HVAC, plumbing, lighting and other maintenance let alone utilities being higher. Then throw in that its your own space now so all those things you want to do to personalize like paint, furniture, fixture changes, etc.
I see people complain about renting all the time but in one scenario we rented in between houses and it was such a huge stress relief to just call maintenance and plop my ass on the couch.
