As far as when I’m planning.. I will definitely wait out this holiday season.. it should be bad(the most loan resets are coming).. from there I expect things to continue downward into early 2009… probably by then this housing slowdown will be old news and it will have lost its novelty, just like the past housing slowdowns. I am a pretty happy renter, and I can easily wait till 2009, but am prepared to go longer if necessary. I think you will easily find your 1800sqft home for under $280k if you can manage to hold out… good luck!
Great links Temecula guy, those prices are actually fair considering the rest of the market, and they will help bring down the comps even more, but I really expect them to go way lower.
