I don’t really see the 1% as a sustainable number anymore than the the other way around a few years ago.

Market timing sure worked well for many in Temecula 4 years ago.

Bottom line: if you can buy what you like for about what you would pay in rent (which is a very real situation in much of the county), then its not a bad idea.

If you are over extending, then wait to see if it comes down or reconsider your priorities.

To quote our brilliant president, this is not rocket surgery. These are just fundamentals. Again fundamentals are better than market timing.