A lot of factors might add up to renting bring the right option for you. Often the value, location or availability of homes may not make it not feasible to buy a home. The length of time that you plan to live there IE if you plan to move out of the area within a brief time, it may make more sense to keep renting.
Over 600,000 properties were in foreclosure in the U.S. last year. Please, take your time in thinking through the continuation of your monthly income, current interest rates and the real cost of homeownership. This will make the choice to buy a home or not, far easier and clearer.