As for waiting for a correction, why would that happen? Prices are still far below their old highs when you adjust for inflation, population is higher, San Diego is even more attractive than before with crime falling and the job market improving. Winter already is the weakest time of the market.
One way rates could get even lower is the new $1.2 trillion ECB bond buying program. Whoever will be selling their bonds to the ECB will need an alternative investment, and GSE bonds (funding US conforming mortgages) are a favorite for the type of people/organizations that buy government bonds.
Assuming you don’t work there, buy QCOM while you wait to buy. Because if QCOM hits 80 or 90, that is going to put some massive pressure on prices here and you’ll need the profits to make up for the higher prices.
