If you really want it, I'd go for the house. Over the next 18 months we may see low interest rates and declining prices. Since you don't need to sell a house, you'll be able to move quickly.
However, make sure you understand how much more a house will cost than renting, e.g. maintenance, repairs, condo/association fees, furniture, increased utilities, taxes, and increased commuting costs. In addition, if you think that you or your wife 'll be moving in the near future or either of your jobs is in jeopardy, you might want to hold off.
It nice to have a house. However, you want to try to avoid being house poor. In addition, if you're thinking Warrenton, Fredericksburg, or West Virginia, check out the commute first.
If you can, try and get the 5% TSP match. It's free money. Finally, don't put your down payment in any risky investments, e.g. stock or bond funds. Stick to money market accounts or CDs.
Good luck.
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