If you are on the fence about buying this year then I highly recommend talking to a lender to ask them to run some numbers for you. With sale prices and rates going up your buying power can be a lot higher this year compared to next year, even if you have that extra year to save. Contact me with any questions.
http://chicago.curbed.com/2017/2/23/14714718/chicago-real-estate-home-sales-prices-january-2017