The above is mostly correct except I think right now we are in a plateau due to both the interest rates being high and AirBnB bookings being in a decline, with exception of very popular locations like ski towns.

Prices aren’t really dropping nor will they, like above said even in 2008 VT was pretty unaffected, but some homes are sitting on the market a bit longer so it’s not as dire to find a place as it was 2 years ago.

Overall, if you can’t afford to buy now, then that prob won’t change anytime soon unless you increase your income significantly or can get together a solid down payment, or both. Best of luck tho.