Fear breeds uncertainty. In this case, thats a good thing.
We don’t know how low its going to go, but lower than here and now is certain. If so why lock in now? What no other place will satisfy you? Is moving that painful? I have a feeling, though I don’t know you that you have been itching to buy for a while and just now something has come into your sites.
Interest rates will go up, prices will drop more, there is no real upside to this. Especially if you commute to the bay, or hope to move there anytime soon.