In a position to buy a house within a month -

[Cup Noodle]

It's according to where you live and the local real estate market. Where I live it's a seller's market. House and land prices are overinflated due to people fleeing places like California and New York. It's the worst time to buy here. I'm sure California and New York have great home prices right now though.

 

[Boston Brand]

Depends where you live, the location, how much land/house you want.

Honestly, balance is key. Say you have a house in a good location but its older and needs some work done? Worth it, you can fix up an old house, you're stuck with location.

Others have pointed out lumber prices have made a lot of renovations expensive right now, but a cheap one that adds tons of value to any home? landscaping and gardening. A thousand dollars of plants and bricks can add ten times as much value to the home.