Rents are going up in SD. So it could end up saving you money over the next couple of years. That is if you say it is a net sum move for you.

If you have the flow and can stay in the house/condo long enough, the price decline now will not mean much to you other than maybe a few grand that you could have saved by purchasing it for a few thousand less.

Inflation is going to spring up all over the place with the Feds lower rates. That inflation will likely cover any down side to a possible price reduction.

Really, it doesn’t matter. it just money that isn’t even yours. The bank owns it until you re-fi or pay it off.