Stash some cash, I know inflation is eating away the value, but a housing correction is coming with interests rates sure to kill demand. All the people that overpaid by hundreds of thousands are going to feel pain when their house is worth 40% less. When the market corrects you can buy a house at the new level. I expect this happens by end of next year.
Personally, I am waiting for this to move on up from my starter home. It is cramped, but we can still manage, while saving very well. You can always refinance an interest rate, you cant refinance principal.