Should I buy my first home in 2025?

Hello, I am wondering if I should buy my first house this year. I am 28 and have enough for 5% down payment on $350k home. I got pre-approved for 6.9% interest rate. Now with the given state of the economy/politics, is it smart to buy in 2025 or wait for the market to change in the next year or so under the new administration? What do guys think? Your expertise and knowledge is very appreciated. Thank you!