At this point I would say yes to anything within your price range from 4s down to clairemont mesa. You seen how bad is it out there. If you want a house now, there is no picking and choosing at this point.
The economy is improving, I’m hearing that sentiment from Walmart clerks to Nordstrom salesladies to car dealers to flippers and Realtors and electricians. Interest rate is staying low, the QEs will devalue the dollar some more, which means housing prices are heading north. (Remember Romney himself was banking on the economy improving, he was just hoping voter impatience at the pace of the improvement would be enough to get him into the WH).
Just get something so down the line you have something to trade up with.